Life Insurance 101

Begin with the people and responsibilities that matter.

Write down who relies on you, what you want to protect, the coverage you already have and a payment you could sustain. Include caregiving and household responsibilities as well as income.

Follow a simple learning path.

1. Compare term, whole life and universal life: explore purposes, costs, guarantees and limitations.
2. Review coverage at work: bring your benefit summary and questions about leaving employment.
3. Understand the application process: learn what information insurers may request.
4. Prepare a beneficiary conversation: keep records accessible to the right people.
5. Explore final-expense planning: consider your purpose and budget.

Bring these questions to a conversation.

• What need would this policy address, and for how long?
• Which premiums and benefits are guaranteed?
• What exclusions, waiting periods or application requirements apply?
• What happens if I stop paying or my needs change?
• How would this fit with coverage I already have?

You do not need to choose a product before speaking with Eric. Start with your priorities and unanswered questions.