5 clear steps to rethink your life insurance needs.

If you died today, how much future income would you be losing?
Example: Will average $200,000 for the next 20 years = $4,000,000...

Step #1
How much will $4M of life insurance for 20 years cost?
Step #2
Can I decrease this coverage and premium every 5 years if I want to?
Step # 3
Do I want a cushion and buy $5M or for longer than 20 years?
Step # 4
What is the incremental cost of greater coverage or a longer period of time?
Step # 5
Are you under or over insured and do you have the correct coverage?
 
Due to the intensive insurance sales process, many consumers don’t get it right. They are sold the wrong solution, and end of replacing policies later in life and waste a lot of money in the process. I know this because I was a consumer before I got into the ​insurance industry and ended up cleaning up what my "buddies" thought was good for me after I learned what I really needed.
 
This is common in the life insurance game, as consumers get wiser and start surrounding themselves with professionals instead of "buddies." As they get educated, they realize what they need and see how they can achieve the same for less.
 
By the way, don’t feel bad for the insurance company or your buddy, they made their money a long time ago. It’s your turn to clean it up.