7 tips to get the right Life Insurance by Quintas Wealth Management
Here are just a few tips to make sure you get the right Life Insurance:
1 – Comparison shop online. There are many sites that aggregate offers from the top insurers for one-stop shopping. At Quintas Wealth Management we can provide you with a Life Insurance quote from all listed Irish Insurance companies. Quintas Wealth Management does not charge a fee for this service.
2 – Consider features besides price. Insurance is only as good as the company that stands behind it. So always compare the death benefit, claim history, policy premium, and insurer’s rating.
3 – Find out what your employer offers. Insurance through a group policy may be of good value, but it’s smart to supplement it with a private policy in case you lose your job. You can have multiple life insurance policies, and that may be required to have enough coverage.
4 – Purchase enough coverage. Most people underestimate the amount of life insurance that’s needed to protect their families. A rule of thumb is to have at least 3 times your annual income—but you may need much more depending on the age and health of your dependents; or any loans/ debts outstanding.
5 – Don’t forget to adjust your coverage. Re-evaluate your death benefit on an ongoing basis—especially as you earn more, change jobs, have a child, get married, get divorced, experience a serious illness or disability, begin caring for an aging parent, have a death in the family, or start a business.
6 – Don’t cancel a policy before getting a new one. If you find a more affordable life insurance policy, be sure the new one is in force before you cancel the old one so there’s no lapse in coverage.
7 – Speak to a Financial Advisor if you have questions. At Quintas Wealth Management you can speak to a financial advisor if you have a question about what type of life insurance policy is right for you or how much you really need. Quintas Wealth Management does not charge a fee for this service.
Disclaimer: This Newsletter is intended for general information purposes only. The material contained herein includes facts, views, opinions and recommendations which Quintas does not guarantee the accuracy, completeness or timeliness of, nor does it endorse these views, opinions and recommendations. The views and opinions of authors expressed herein do not necessarily reflect the opinion of Quintas and Quintas does not accept any responsibility for any action taken in reliance on the information contained herein.
