Insurance transfers certain risks under the terms of a contract. Different types of coverage address different needs, and the details matter.
Discuss existing coverage, dependents, obligations, exclusions, premiums, and affordability before considering a change.
Questions worth considering
- Coverage is subject to policy terms and underwriting.
- Guarantees depend on the issuing insurer’s claims-paying ability.
- Ask about exclusions, charges, and surrender provisions.
For general education only. These materials do not provide personalized investment, insurance, tax, or legal advice. Actual outcomes vary, and investments may lose value.
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