Life Insurance is actually pretty simple if you go about it the right way. Devin breaks it down in three simple steps based off his expert opinion.

TRANSCRIPT:

Insurance Insights – Presented by MyInsuranceExpert.com.

Hi; I’m Devin. I’m here to provide you with some expert advice regarding life insurance. Acquiring life insurance doesn’t have to be a long and complicated process. Actually, you can break it down into three simple steps. Let’s talk about step one; determining your needs.

If you need life insurance, that means you have people in your life that you want to protect, financially, so first, determine who your beneficiaries are going to be. Next, you need to figure out how much money you want to be covered for. This usually means adding up your income, your outstanding debts, as well as the needs of your dependents, like college tuition, for example.

After you’ve determined your needs, you’re on to your next step; finding a policy that fits those needs. Now, experts recommend that you work with a brokerage when you’re shopping for your policy; a brokerage like MyInsuranceExpert.com, for example. Companies like this don’t sell their own products. Instead, they work with some of the top life insurance carriers in the nation. This means that brokerages have more policies, products, and prices for you to choose form. And who doesn’t like options, right?

So when you’re working with your expert advisor, you just need to tell them your needs, as well as your medical history and financial situation. Then, they’ll take care of all the shopping for you, and match you with the best possible policy that fits your needs and your budget.

Once you and your advisor settle on a policy you like best, you just have the third and final step to worry about; getting approved (and if you’re healthy, this is the easiest step, by the way). Life Insurance companies just have to put your policy application through an underwriting process to verify that all the information on it is correct. All you have to do during this step is check in with your expert advisor periodically and make sure to provide them with any additional information that they might need. Also, some products, but not all of them, require that you have a quick mini medical exam done before you’re approved, so make sure to get that taken care of.

Then, if everything on this last step goes according to plan, you are approved for life insurance! Now that wasn’t so bad, was it? Just three simple steps. Pretty painless if you ask me. Thanks for watching, and I’ll catch you next time on “Insurance Insights.”