You have lots of questions before you commit to buying anything. But, where do you begin when shopping for life insurance? How do you even know you’re getting the best deal? What questions should you ask? Shopping for life insurance doesn’t have to be painful. The secret is to be armed with the facts – ’cause the facts matter.
So, take a few minutes and check out what Byron has to say. He’s crazy knowledgeable!
Hi. I’m Byron Udell, Founder and CEO of AccuQuote.
For those of you who are considering purchasing life insurance – congratulations. Life insurance can provide a family with financial assistance when they need it most, like after a loved one passes away unexpectedly. It can help the survivors stay in their homes, pay their bills, and keep food on the table.
So how do you start shopping for life insurance? First, grab a paper and pen…and ask yourself these questions:
1) How much coverage do I need? Are you married with children? Do you own a home? What is your annual income? These are the kind of questions that are helpful in determining how much life insurance you really need. If you were to unexpectedly die, could those left behind continue to stay in the family home? Could they pay the incoming bills?
Typically, to maintain a family’s current standard of living, the coverage should be estimated to match or exceed 75% of the total household income.
So get out the calculator and start doing the math.
2) What are the family’s expenses going forward? Obviously, the funeral expenses of the departed should be added to the list. The average funeral can run more than $15,000. Also…What is your mortgage balance? Do you have credit card debt? Car loans? Do your kids plan to go to college? These are all potentially big-ticket items. How will these debts and future expenses be paid if you pass away?
3) Do you have a pension, investments or other retirement savings? If you have any of these sources of additional income, great. But keep in mind that these retirement revenue sources, including IRAs and 401(k)s are typically not enough to maintain your family’s current standard of living if you pass away prematurely.
After you have “ran the numbers,” you should then contact a company that can show you a wide variety of insurance products, and offer you honest, unbiased advice. A company like AccuQuote.
At AccuQuote, we have hundreds of products to choose from – all from highly-rated, brand-name insurance companies that you know and trust.
Over the past 30 years, we have saved 200,000 customers over $100 billion in coverage. Our fierce independence means that we’ll get you the best values in the life insurance marketplace. We’ll never recommend a plan that we don’t think is the best option for your needs.
AccuQuote has also been independently reviewed by Kiplinger, The Wall Street Journal, Crain’s, USA Today, Consumer Reports, Forbes, and other major media outlets. We’re here for you.
If you’d like more information or have any questions, call us directly at the number on your screen. Or go to AccuQuote.com.
We’d love the opportunity to earn your business, and it would be our privilege to work with you.
And thanks for listening.
So what’s next? Call us at 877-794-9817 and let’s chat about the types of coverage that may make the most sense for you.