It's difficult to stop my office without us asking you about life insurance. The first question is... "How much coverage do you currently have?" Very few people know the answer, so don't feel bad. Possibly because no one likes to talk about it. It could be that nobody thinks they are going to die. That's a good thing - who wants to go through life worrying about death right?
So let's say you do have life insurance and often times people have the correct amount of insurance. Is it the right type? Answer these questions...
1. Does your policy have limitations and what are they?
2. Is it an extraordinary amount of coverage but costs next to nothing? (you truly get what you pay for)
3. Are the words "Accidental Death" in the policy?
If you don't want to read it, have the company you purchased it from or your employer answer for you. Then ask them if there are any exclusions or reasons a claim would be denied.
At the end of the day, would you rather pay for life insurance that pays your loved ones no matter what or pay a little less but have to die specifically?
In most cases the "right" type of life insurance for you is economical enough to look at other options. Don't forget it is always priced based on your age...so do it sooner rather than later.
Many times AD&D Insurance can be added as a rider to a standard life insurance policy which may be an appropriate decision.
Thanks again for all your emails, as always let me know if there is anything you want to discuss.
Matt@delwareinsurance.net
Matt Basile Agency
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