Buying and Safeguarding Your CT Life Insurance Policy

Practically everyone purchases insurance at some time during his or her life. It’s actually illegal to drive a vehicle that isn’t insured. Most folks understand the need for a life insurance policy as well, yet plenty put this purchase off, saying they’re too young, or they don’t really seeing the need. Buying insurance isn’t all that complicated a process; one must consider what constitutes their own personal needs. Everyone has concerns of their own, and all can benefit from some one-on-one counseling with an independent agent.

Familiarize yourself with several types of CT life insurance. The most common are Whole Life, Term Life and Universal. Learn as much as you can about how they differ to best help you to determine which route to take. You should make a determination which policy offers you the best coverage, and this can often depend on whether you’re married, single or divorced, the number of children you have (if any), and even your current age can play a role in the decision-making process. Before making a purchase of this type, speak to a knowledgeable professional who can go over all of the details with you. Once a decision has been made to purchase a policy, review your application for any errors and make sure that it is filled out accurately.

Things to do once you purchase life insurance

Your CT life insurance policy is an important document and should be treated as such.
Make sure you get your copy mailed to you promptly and if it doesn’t arrive when expected, contact the life insurance company, say, if you don’t receive it within about 60 days.

Once you receive it, always check the date the insurance becomes effective and make sure that you store it in a safe place. We advise you not to keep life insurance policies in your safe deposit box since, in many states boxes are sealed temporarily upon the death of the owner and this can obviously delay any settlement at a time when funds may be needed the most.

Finally, review your policy periodically, or any time that a major event occurs in your life such as a birth, marriage, the purchase of a new home, or a divorce or remarriage, in order to be sure that your current coverage is adequate.



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