Updated: September 29, 2016 by Kara Downing, CFP®
The decision to buy life insurance can be a complicated one. Why? Because life insurance is a complex financial instrument with a lot of moving parts. The more perplexing aspect of the life insurance purchase is the fact that there are, quite literally, hundreds of different companies, and thousands of different products from which to choose. It’s no wonder that people have a tendency to procrastinate when it comes to actually purchasing a policy.
Solid guidance from a well-qualified life insurance professional can ease the process of buying a policy and instill the peace-of-mind that the right plan is in place. A life insurance purchase is a long term commitment, and because the financial security of your family is at stake, it is vitally important to know that you have the right type of product, the right amount of coverage and that you know exactly how your plan will work for you.