DO- Buy Life Insurance
Anyone with a family to support, debts, responsibilities, a mortgage, or children — if anyone who would suffer if your income disappeared — should consider buying life insurance. Those who are young, single, and fairly debt-free probably don’t feel the need to worry about life insurance just yet., but that is the time to buy. It is much cheaper and if whole lif\e is the policy, the cash values grow larger over time.
Do Review Your Coverage Annually- You may want to increase or reduce your coverage as your needs change. Lifestyle changes such as marriage, divorce, birth or death of a family member, a residential move or if you lose or change you job, may prompt a change in life insurance coverage
Do- look into paying lower premiums for your life insurance if you have stopped smoking. Non-smokers can save up to 50 per cent on the cost of their life insurance coverage.
Don’t cancel an existing policy, when replacing it with a new one, until you have the new policy in place.
Don’t- buy several small insurance policies. Get one stable policy, and increase its value as your family expands, or your financial requirements grow.
DON’T- fail to insure your spouse if they are a stay at home spouse. If he or she dies, their contributions to the home will possibly have to be made up for by hiring daycare, housekeeping, and other services, not to mention the loss of her potential employment income.
DO – CONTACT TIM HAWLEY INSURANCE and request a meeting to discuss YOUR needs and YOUR budget. DO IT NOW.
