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Your risk exposure to dying may increase as you age. Your financial exposure to dying may decrease as you age. How do you know how much coverage you need, how long you need it for and where you should buy it? 
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Sadly, I know many agents who come to the first meeting prepared and determined to sell consumers exactly what they want them to buy. In the meat business, this is called having the thumb on the scale. It happens every day and consumers blindly trust. What does the word “shopping” imply? That all companies are free to bid for your business? Or that your agent stacks the deck, so their outcome is pre-determined?  Outside of the army use, a Swiss army knife is thought of today as a device capable of many uses and applicable to solve many problems. Unfortunately, life insurance is not a “Swiss army knife.”  Are you aware that you can now buy a new 40-year term policy if you are age 45 or younger? If you are age 50 and younger, you can buy a new 35-year policy. If you are age 60 or younger, you can buy a new 25-year term policy. Imagine having a term policy that covers you to your age 85. Incredible, right? GUESS who doesn’t want you to know this? Your friendly life insurance agent doesn’t want you to know this. WHY NOT?  |
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