Monday, April 18, 2011
How do I know if I am over or under insured? Part 2
In part 1 we left off with... I know, the next question is "what if the amount of money I budgeted is not enough to buy all four policies?" Just divide your monthly budget putting more $$ towards the higher needs policies such as the health and disability insurance and buy less expensive term life insurance and a basic cancer policy. Then as your budget increases over time you can buy more of the policies you had to hold off on. Eventually your portfolio with be enough and balanced. Yes it's true I don't have a crystal ball either but the way I prioritize these policies is...1. Health insurance 2. Disability insurance 3. Life insurance 4. Cancer insurance. Just because of the usage, I have witnessed and statistics. This is only my opinion. You may feel differentially and I would enjoy hearing your opinion. Just put it in the comments section. Until next time.....
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