Financial Planning

Checklist: What Issues Should I Consider When Purchasing a Life Insurance Policy?

Life insurance is key to comprehensive financial planning, whether it serves a traditional risk management function or is put to another use. In the course of reviewing your finances and developing a plan, you will likely analyze the need to purchase a new life insurance policy at several points. This can be of particular importance if you are uninsured or underinsured and need to protect yourself and your loved ones.

To help guide your thoughts during a life insurance consideration, we have supplied THIS checklist. It covers key considerations, including:

  • Purpose of coverage
  • Appropriate amount of coverage
  • Types of policies
  • Rider options

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this content, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for you or your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Allos Investment Advisors®, LLC.

The content of this letter does not constitute a tax or legal opinion. Always consult with a competent professional service provider for advice on tax or legal matters specific to your situation. To the extent that a reader has any questions regarding the applicability of any specific issue discussed in this content, he/she is encouraged to consult with the professional advisor of his/her choosing.

Published for the blog on August 7, 2023 by Allos Investment Advisors®, LLC.


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