How To Select A Life Insurance Policy

Are you looking to purchase a life insurance policy, but lost as to what policy will provide the best coverage for your situation? If this sounds like you, read on for some easy to understand advice about choosing life insurance that covers your needs and expectations, without breaking the bank.

An insurance plan is not a buy-it and forget-it purchase. You will need to revise your insurance plan as things change in your life and you get older. Changes in marital status, having children, or reaching retirement age are all reasons to review your plan and make adjustments.

Be sure to do a great deal of research before deciding upon a life insurance policy.   Know that you can obtain term life insurance quotes online .

There are many things that can be hidden in the fine print of a policy that are not covered that one might assume would be. Also, there are many different types of life insurance, so know what you are buying.

Never pay the life insurance agent instead of the company. If you are not sending your check directly to the company itself, something is wrong. No reputable agent will ask you to write a check out to them. If they do, stop communicating with them, and move on to a more reliable person.

To obtain your life insurance policy in the quickest and easiest manner, first decide the way in which you are going to purchase your policy. There are several different options, such as purchasing directly from the insurance company, or going through a financial planner or insurance agent. Deciding beforehand will save you time.

Life insurance is a huge investment, make sure your agent is truly acting like a fiduciary. Being licensed in any state requires your fiduciary to act as if the money that you are investing is their own, especially since they know life insurance laws.  Make sure you’re obtaining the best term life insurance rates.

Read all of the fine print of the policy before you sign on the line. Know what discounts, exclusions, inclusions, and any other fine print is included on the agreement. You may find that there is a no payment clause for pre-existing diseases. Careful reading will help you be sure that your spouse will get the money they will need.

Don’t be tempted to lie or hold back information on your application for life insurance. If you have medical issues or other possible rate hikers, your company will investigate any time you file a large claim. This means they will find the hidden truth and can revoke your policy.

Make sure and only by life insurance from companies that are in a strong financial position. Rating agencies like Standard & Poor’s, Moody’s and others give ratings to insurance companies. Do not work with any company that does not have an “A” rating from these agencies to protect your investments.

Carefully compare similar insurance policies before you settle on one. While they may look the same at first glance, life insurance policies can be complex and there may be differences that you are missing. By taking the time to research the policies before you buy, you will be saving yourself many future headaches.

Sometimes people with life insurance (whole-life, not term) feel like updating or changing their policies after a few years, especially when a company introduces a better policy. This is why it’s important to think first before getting into a commitment, because changing now could cost you your premium payments and policy. So you should avoid this.

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Washington Tow Truck Association

If you’re a tow operator in Washington State, WTTA was made for you. WTTA is a non-profit corporation and was established in 1958 by tow operators for the purpose of protecting and promoting the interests of all aspects of the Washington tow truck industry.

WTTA is the industry information center and the spokesperson for the towing industry within the state providing tailored services for members and keeping them informed. We work to promote a favorable and profitable operating climate for your business by maintaining close contacts with government agencies, the legislature, and other organizations directly or indirectly related to your business.

Vendors and Suppliers
What if you’re a supplier or vendor? The benefit to your company is access to business in a friendly and mutually beneficial environment. WTTA knows that a good relationship with our business partners is good for both parties. In addition, as a member you receive reduced rates on opportunities like sponsorships, underwriting and even newsletter advertising.

Non-Washington State Towers
And what if you’re a tow company from out of state? Welcome to our family! We can learn from each other and maintain a network of information, communication and education. Issues that adversely affect tow companies are as likely to arise in Great Falls or Boise as they are to pop up in Olympia, Salem or Sacramento! Join us as a Correspondent member and we’ll send you our newsletter and invite you to our tow schools and the Tow Show!

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