3 Big Life Insurance Blunders to Avoid

Avoid making these common life insurance mistakes.

Life insurance is designed to provide a financial safety net for families. It sounds simple, but decisions over whether and how much to buy can get complicated. Life insurance mistakes can be costly – and hurt your family when you are gone. When you’re shopping for coverage, take note of these common mistakes so you know what to avoid.

Mistake No. 1: Buying too much or too little insurance.

Not everyone needs life insurance. Some families need a lot of it to protect their financial future. A good way to know how much insurance you need is to look at your finances and work with a qualified life insurance agent. When you have people depending on your income, you will want to make sure you take out plenty of coverage so that you don’t leave them in the lurch when you are gone.

Mistake No. 2: Putting off the purchase.

It’s easier to put off buying life insurance rather than think about how your death would affect others. However, this is one costly mistake to make. Many consumers think that the price of life insurance is much more than it actually is. What’s more, when you take out a policy when you’re young and healthy, you can enjoy low rates.

Mistake No. 3: Underestimating your value.

It’s not just the breadwinners that need insurance. Even stay-at-home parents should consider life insurance coverage. The value that a homemaker or stay-at-home parent brings to the household is extraordinary. After all, what would happen if your family was suddenly left without a stay-at-home parent that did the laundry, cleaning, childcare, and much more. Even if you don’t bring in an income, you provide services that have real monetary value.

If you are unsure about when to purchase life insurance, talk to the professionals at Lou Aggetta Insurance Services in Pleasant Hill. Our experts are ready and waiting to help you determine your life insurance needs and explain how a policy can protect your finances. Give us a call today to get started!

Lou Aggetta Insurance, Inc.

2637 Pleasant Hill Rd
Pleasant Hill, CA 94523

(925) 945-6161 | Phone
(925) 256-7610 | Fax