Key tips for first-time life insurance buyers

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Key tips for first-time life insurance buyers

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Looking to buy life insurance for the first time? If so, you’re probably asking yourself questions such as “How much do I need?”, “What kind of policy is best?\nBelow are five important tips that we hope will make the process smoother, avoiding frustrating false starts and unwanted challenges in the road. - PowerPoint PPT Presentation

Transcript of Key tips for first-time life insurance buyers

Page 1: Key tips for first-time life insurance buyers

Key tips for first-time life

insurance buyers

Page 2: Key tips for first-time life insurance buyers

WHY POLICYADVISOR & HOW IT WORKS

• Welcome to PolicyAdvisor.in, We are developing some

unique online insurance Tools to help you decide the right

insurance plans. Our prime focus is to develop online

insurance products for better decision making.

• Select a tool, answer a few questions and get the right

answers in less than 3 minutes, go compare the market

and decide with confidence or decide to apply with us and

get free customized quote from top companies in India.

http://www.policyadvisor.in

Page 3: Key tips for first-time life insurance buyers

Understand why you need it.

• While most people may need life insurance at some point in

their life, don't buy a policy just because you heard it was a

good idea.

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Page 4: Key tips for first-time life insurance buyers

Understand why you need it Determine the amount of

coverage you need.

• The amount of money your family or heirs will receive after

your death is called a death benefit. To determine the

proper amount of life insurance needed. You can get a

ballpark figure using any number of formulas. The easiest

way is to simply take your annual salary and multiply by 20.

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Page 5: Key tips for first-time life insurance buyers

Find the right type of policy.

• Once you figure out how much coverage you'll need, you

can think about the best kind of policy to meet your needs.

http://www.policyadvisor.in

Page 6: Key tips for first-time life insurance buyers

Look at the quality of the provider.

• An insurance policy is only as good as the company that

backs it. You want to make sure you to choose a company

you can rely on to be around for as long as you'll need your

coverage, and which invests your premium in a highly

prudent manner in order to pay the claims of its

policyholders.

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Page 7: Key tips for first-time life insurance buyers

Consult a financial professional.

• A financial professional can help you factor in financial

considerations, your needs, and your family's needs.

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Page 8: Key tips for first-time life insurance buyers

Increase your vocabulary.

• Life insurance can be confusing, with terms like "premium,"

"dividend," "beneficiary," and many more.

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Page 9: Key tips for first-time life insurance buyers

Follow Through With The Process.

• Make sure to correspond with your agent throughout the

application process & follow up with any emails or voicemails

from your agent. Your agent may have additional requirements

from the carrier that must be met before your policy can be

issued and it is critical that they are met as soon as possible.

Are you ready to prepare for your family’s financial security?

Click HERE to get started now or call us at 020-41208460

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Page 10: Key tips for first-time life insurance buyers

How Much Life insurance do you need ?

Get the right answers before you compare & buy insurance

Visit :

www.policyadvisor.in