Buying the Cheapest Policy – life insurance mistake #4


Posted on 22nd April 2011 by Rita in Life Insurance |Life Insurance Mistakes

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man wondering why not buy the cheapest policy


Buying the cheapest Policy… may not necessarily be the best policy for you. We are all individuals with unique life situations from one another. What may work for your best friend may not work for you and your situation.

Taking the time to make sure the cheapest quote you have in front of you will do what you are expecting it to do. As in meet your needs.

Common examples:

  • Cover your loved ones needs when your gone
  • Cover your final expenses: Funeral/Medical Bills
  • Pay for children’s education
  • Gift to Charity

Short term products ( such as level, decreasing term or increasing premium) should be used when the need is definitely short-term. It is always best to speak with an insurance professional who is here to educate you on how the different policy work… and how they apply to your unique life situation.

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
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