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Will You Add? - Life Insurance: 4 Key Mistakes And How To Avoid Them
10 Tips for Becoming a Great Boss urge you not to trust your agent too completely–regardless of how honest or well intentioned you believe him or her to be. Your agent may be a model of intelligence and integrity, but the ultimate responsibility for any decision made rests with you; don’t give someone else all the power.Here are ten tips that tell you what to do if you want to become a great boss. I've added a couple of bonus tips, as well.Manage behavior and performance. Behavior is what people say and do. Performance is the measurable result of work. Forget about managing attitude. Forget about motivating others. Instead, use what you say and do to influence the beh Th First, treating your life insurance policy as a savings account. Insurance is often purchased for two reasons, tax savings and as an investment instrument. Many experts believe that life insurance is best purchased to do what it is intended to do, which is provide protection in the event of loss of life. For this reason we suggest, as do many insurance experts, purchasing a term policy for life insuance, and for savings purchasing a separate mutual fund account. Granted, this view is somewhat of a purist viewpoint and will not be for everybody. Still, term policies are relatively inexpensive, free of complexities, and payout quickly. Second, allowing your agent to make all of the decisions. Do your homework and understand what you are buying. We urge you not to trust your agent too completely–regardless of how honest or well intentioned you believe him or her to be. Your agent may be a model of intelligence and integrity, but the ultimate responsibility for any decision made rests with you; don’t give someone else all the power. Thi First, treating your life insurance policy as a savings account. Insurance is often purchased for two reasons, tax savings and as an investment instrument. Many experts believe that life insurance is best purchased to do what it is intended to do, which is provide protection in the event of loss of life. For this reason we suggest, as do many insurance experts, purchasing a term policy for life insuance, and for savings purchasing a separate mutual fund account. Granted, this view is somewhat of a purist viewpoint and will not be for everybody. Still, term policies are relatively inexpensive, free of complexities, and payout quickly. Second, allowing your agent to make all of the decisions. Do your homework and understand what you are buying. We urge you not to trust your agent too completely–regardless of how honest or well intentioned you believe him or her to be. Your agent may be a model of intelligence and integrity, but the ultimate responsibility for any decision made rests with you; don’t give someone else all the power. Th Second, allowing your agent to make all of the decisions. Do your homework and understand what you are buying. We urge you not to trust your agent too completely–regardless of how honest or well intentioned you believe him or her to be. Your agent may be a model of intelligence and integrity, but the ultimate responsibility for any decision made rests with you; don’t give someone else all the power. Th Second, allowing your agent to make all of the decisions. Do your homework and understand what you are buying. We urge you not to trust your agent too completely–regardless of how honest or well intentioned you believe him or her to be. Your agent may be a model of intelligence and integrity, but the ultimate responsibility for any decision made rests with you; don’t give someone else all the power. Th Third, treating the purchase of life insurance as a one-time–purchase-and-forget-about-it–activity. Your needs will change over time. As your life circumstances change, so will your insurance needs. For example, the sort of policy you buy as a single individual will not provide adequate coverage should you decide to marry and start a family. Fourth, buying the wrong kind of insurance. Yes, this is an all too common mistake. For example, many people buy universal or variable life insurance policies without properly understanding the kind of insurance they’ve bought and that these are complicated investment instruments. This sort of purchase might be completely wrong for a single person whose income would not allow premium payment in the event of unfavorable market fluctuations. When buying life insurance, be sure to take the time to do your research. It isn’t necessary to spend sleepless nights in the library. However, it is important that you thoroughly understand your needs and which sort of life insurance will offer the best protection with respect to the demands of your life. There is a great deal of concern about finding the cheapest, or lowest cost life insu
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