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1. Life Insurance
5 Easy Tips to Avoid Pitfalls
By
Robert Taurosa

2. Don’t Procrastinate
• Buy your policy before you’re
too old.
• The earlier you purchase, the
more you will save due to your
age.
• 43% of Americans remain
unprotected by life insurance.
• Policy premiums increase with
age-related ailments.

3. Research
• It’s very important to research
which company you’ll be
doing business with.
• Use online resources to
compare reviews and prices.
• Consult a professional to
better decide which plan
works best for you.

4. Beneficiaries
• Choose your beneficiaries
with care.
• The legal entanglements that
come with naming a minor as
your beneficiary are
staggering. Avoid it at all
costs.
• Allocate funds wisely. This is
the reason you’ve chosen to
take out a policy.

5. Shop Around
• Do your due diligence when
choosing your ideal plan.
• Without proper research, you
can leave money on the table,
or deprive loved ones of their
aid.
• Never go with your first choice
without consulting a
professional.
• Get a physical to asses your
health.

6. Be Open
• Many feel it’s important to
keep their policy from family.
Don’t do this.
• Be open with your family/
spouse regarding your
preperations for the future.
• Remember: It’s always better
to be prepared than not.

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