What are the limitations of life insurance, and how can you work around them?
Life InsuranceDec 27, 2024 | Jackson Peterson, Chula Vista, California
What are some of the limitations of life insurance, and how can one navigate around these issues?
Could you provide a comprehensive overview of the primary limitations associated with life insurance policies and elaborate on the various strategies that individuals, like myself, can employ to effectively navigate and mitigate these challenges while ensuring adequate coverage and financial protection?
Answer
Head of Insurance, MoneyGeekUpdated December 27, 2024
The two primary considerations are cost and underwriting. Costs can be dealt with by exploring the various kinds of life insurance offered as well as the various premium-paying plans available. Underwriting has become less of a burden in recent years. Usually, the process can be handled without requiring physical or blood work.
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