There are many things to consider before purchasing a life insurance policy. You'll need to consider what your goals are for buying a policy, which policy best fits your lifestyle, and how much you're willing to pay. For many people, buying a life insurance policy is a struggle. In reality, it's only half the battle. Buying the right plan for your family and current needs is critical to obtaining the best outcome. So that you find the right life insurance in Antioch, be sure to avoid these common mistakes!
Waiting
Many people procrastinate when it comes to buying life insurance, and they end up paying for it later on in life - literally. Generally, the younger you are, the less expensive the policy. Many people who are young and healthy do not tend to consider life insurance a necessity. However, life is unpredictable, and it's always best to have coverage.
Beneficiary Limbo
Some people make the mistake of naming their estate as the beneficiary instead of an individual family member. If you make this mistake, everything can be tied up in court for months or even years. What's more, the insurance payout will be hit with higher inheritance taxes and higher tax rates than if an individual beneficiary is named.
Not Enough Coverage
Many people make the mistake of not getting enough coverage for what they need. Consider the state of the mortgage, retirement plans, remaining debt, and if your children want to go to college before securing a policy. If you want enough money for your family to go on living as planned, you will need more coverage as well.
Instead of going about it alone, talk to the professionals at Jack Stone Insurance Agency. Our experts advise you to the right life insurance in Antioch to suit your needs and budget. Visit us today in California to get started!
