When looking at buying life insurance, the first thing you want to look after you decide what type, either permanent or term, is where you might want to buy.
Consumers see ads on TV/radio about life insurance and I will tell you those insurance companies may be good companies if they have good rating, A or A+ is a great rating to look for.
Finding a local agent that works for one of those companies is a great idea. Having a local agent you can talk to may come in handy when filing a claim.
Some other things to look at when purchasing life insurance include:
1. Accelerated death benefits, if you are diagnosed with a terminal condition and are expected to live less than a year, some companies will advance money from the policy for you to use. Obviously this reduces the face amount of the policy, but it give you an option to use that money for what ever you need.
2. Some companies are offering a free second option when you have a sever medical condition.
3. Some offer riders for long term care.
4. Some offer return of premium.
Always check out the cost and all of the details before you buy.
Steve Lind, CFP
Securities offered through Securities America, Inc. Member FINRA/SIPC, Steve Lind, CFP, Registered Representative. Advisory Services Offered through Securities America Advisors, Inc. Steve Lind, Investment Advisor Representative. Lind Financial Services and Securities America companies are unaffiliated. Trading instructions sent via email may not be honored. Please contact my office at 308-627-6328 or Securities America at 1-800-747-6111 for all buy/sell orders. Please be advised that communications regarding trades in your account are for statements received from the custodian(s) of your assets. The text of this communication is confidential and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination.