How Do I Know If a Policy Is Suitable for Me?

How Do I Know If a Policy Is Suitable for Me?

Suitability is a term, which basically means that a certain policy is appropriate for a certain individual. However, the difficult part of life insurance suitability is that there are no clear-cut answers for either consumers or professional advisers. State suitability rules exist in only a small percentage of the states and vary in term of requirements, terms and enforcements.

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What You Should Know About Your Insurance Adviser

What You Should Know About Your Insurance Adviser

Information about an insurance adviser can be found at the state’s Department of Insurance in which they are licensed to sell and service insurance. Additional information can be found at the National Association of Insurance Commissioners (NAIC) and the Financial Industry Regulatory Authority (FINRA), if applicable. All the information found of these three sources can give you a better understanding of your adviser’s professional background.

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