National Credit Education Month – Tips For Your Life Insurance Needs

Life Insurance

March is a great time to consider tips you can use for your life insurance needs as we celebrate National Credit Education Month. Credit Professionals International and the Credit Education Resources Foundation sponsor National Credit Education Month every March to remind consumers of the importance of the need to manage their finances. Here are a few ways that can help ensure you have the proper life insurance coverage in place:

-Shop for the life insurance carrier that provides the best value for your current situation and look for carriers that offer a variety of products, as “one size does not fit all” when it comes to finding the proper life insurance product. At Pivot we work with 10 of the top rated life insurance carriers offering a variety of term and permanent life insurance products. We can help you purchase the plan that meets your needs as we can determine the proper amount of life insurance needed to ensure you get the best value!

- Prepare a budget that will include an amount for your life insurance plans. Consider paying premiums annually if possible as you can save money compared to paying monthly, quarterly or semi-annually. You don’t have to commit to the same billing mode permanently as the billing mode can be changed to accommodate your financial situation.

- Purchase what you can afford, as you may lose the coverage if premiums are unpaid. Most insurance carriers issue ages are based on your “nearest age”, meaning the age you will be if your birth date is within 6 months. You may save substantial dollars over the lifetime of the policy if you purchase your life insurance prior to your next “nearest age”.

- Compare life insurance offered through your employer or associations you belong to as often times the premiums may not be as competitive as individual personal life insurance that you may qualify for if you are very healthy. Many group life and association life insurance plans are more attractive for individuals, who don’t meet life insurance carriers’ best rating classes.

- Replacing your current life insurance may not necessarily be in your best interest. Let us provide a review of your existing plans and provide advice on what is best for you.

About the author: Ken Buccico holds a LUTC designation and has been in the life insurance business for 39 years. His wealth of experience empowers clients to make best possible decision regarding a life insurance policy. To explore the best  life insurance option, contact Ken at 1-800-651-1953 or KBuccico@Pivot.com.