How do I buy life insurance?
Hello, Ryan Hanley here, insurance expert for TrustedChoice.com, answering another question submitted to us by a visitor to the site. Today's question is "How do I buy life insurance?"
There's really a two-part answer to this question. The first part is educating yourself on what life insurance is, the various coverages, companies, and amounts of insurance, and how you actually determine how much life insurance you should buy to protect your family. TrustedChoice.com is a great place to do that. There are a lot of resources out there, so poke around the Internet, but definitely use TrustedChoice.com because we have lots of great resources here.
Once you have an understanding of what life insurance is, the various options, and the purchasing process, the next part is how you actually purchase the product. There are two main ways to do this. The first is that you could do it yourself. There are a lot of websites that allow you to purchase insurance on your own. If you feel comfortable and confident in that method, then that's a perfectly viable option for purchasing life insurance.
However, my recommendation would be to use a licensed insurance professional. First, it is not more expensive to use an adviser. These people are not paid based on you purchasing through them, so you're not paying anything extra. You're paying the same amount that you would if you went direct. You don't have to worry about paying more. The second part is that you have someone who has been part of the industry, who has been trained, who has expertise, walk you through the buying process.
When considering life insurance, find someone you trust. Here on TrustedChoice.com, we have a directory of life insurance agents that you can choose from. Find someone who matches you and your needs. Talk to them on the phone. Sit down and figure out what works best for you. Let them walk you through the various companies, coverages, and how much coverage you need. Then, you can be very confident in making your life insurance purchase to protect your family. Not an easy decision, but you're making the right decision by purchasing life insurance.
I appreciate you coming and watching another video here on TrustedChoice.com. This is our Ask an Agent section where visitors can submit questions, and we look forward to answering another question for you very soon.