There are several choices when it comes to buying life insurance and there are huge pricing differences in the market among different companies offering identical coverage. Policies are now available from more than 1,500 life insurance companies in the United States. Most financial planners recommend that each family income provider carry no less than ten times their annual income in life insurance.
Here’s an orderly way to go about shopping for life insurance: 1) assess your life insurance needs, 2) decide on the most appropriate policy type, 3) set high standards for the financial stability ratings of your insurance company and, then 4) shop until you drop to find the best price.
Life insurance is a long-term proposition, which means that you should pay particular attention, at time of purchase and throughout the life of the policy, to the financial stability ratings of your life insurance company. While the average U. S. adult shops for life insurance once every seven years, it’s not uncommon for people to keep life policies in force for decades.
The main reason for life insurance is to provide financial security for your beneficiaries if you die. But should you not also consider your estate planning, wealth transfer and estate tax liquidity? What happens to your business in the event of death or disability?
Our expert team can assist you with the following needs:
- Whole life and term insurance
- Temporary and permanent disability cover
- Income replacer
- Sickness benefits
- Dread disease and trauma cover
- Physical impairment policies
- Mortgage insurance
- Buy-and-sell insurance
- Keyperson insurance
- Deferred compensation plans
- Business overheads replacer
We will do an in-depth analysis before we come up with a recommendation. We will check if you qualify for discounted or refunded premiums and inform you on exclusions and other policy terms.
Contact us and we will set up an appointment for confidential discussion. Because we are not a call centre, we need to meet you face to face, and therefore only assist clients in the Western Cape.
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