Often with financial products such as life insurance, we feel pressure, especially if we have reached a certain age to have all the answers and we feel embarrassed when we don’t. Because we feel embarrassed, we don’t ask those questions that we need to. As a result, most in the Naples area who are in this position, either don’t invest in life insurance or don’t get the most out of their policy. Today, on the Naples Life Insurance and Annuity Advisors blog, we are going to address those questions that you may be too embarrassed to ask.

If there is a question that we don’t get to, but is still weighing on your mind, contact us! We never think there is never a stupid question and who better to give the answers to all your questions than us. Keep reading to learn more about the basics of life insurance and contact or call us today!  

Doesn’t my employer provide life insurance?

Yes, they do, but it is, in most cases, inadequate.

Your employer didn’t lie to you. They do provide life insurance for you. However, usually it is inadequate and you will lose it if you decide to move on to another job opportunity. For most people, they have acquired a certain amount of debt and probably have dependents. If you pass away, your beneficiaries will be left with not only your debt, but they will have to pay for your funeral expenses, and consider how they will be provided for. The best way to look at your life insurance policy that your company provides is that it is supplemental to your main, personal life insurance policy. Find out what your company’s policy provides and speak with a life insurance broker to make sure that all of your basis is covered.  

I need a medical exam to buy life insurance? Why?

A medical exam is necessary so you can have the best policy possible.

Life insurance takes into consideration many things including one of the most important, your health. One of the main purposes of life insurance is for your loved ones to have an income after you pass away. If there is a chance that you might pass away sooner than the average person or have negative habits, then your premiums will most likely be higher to make up for the fewer years, presumably, that you will be alive and paying your premiums. Getting a medical exam is a requirement of the underwriting process of most insurance policies.

What will the medical exam be like?

It will be much like a regular physical exam.

We understand that getting a medical exam and providing the information to anyone other than your doctor can feel uncomfortable, but rest assured that the exam will be administered by health care professionals bound by standards and protocols. Also, remember this is one more step in the process of settling your family up with the security they need to have a bright future.

Stay tuned for a follow up post which will continue to address those questions that you may feel self-conscious asking anyone other than the browser on your computer. We at Naples Life Insurance and Annuity Advisors would love to help help you find the life insurance policy that will address your needs and goals. Visit our website to learn more about what we offers to our Naples clients!