Life insurance is extremely important if you're in your 40s, 50s, 60s, and beyond. In 2015, about 55% of Americans would recommend affordable term life insurance to someone else and in 2016, after an increase of 11%, about 66% of Americans recommended policies.
You have to be careful, however, to not make any mistakes when it comes to these insurance policies. Here are a few common insurance mistakes that people make.
Waiting to Get Covered
Remember to consider that these insurance policies are actually insuring your life. Just because it's your life, that doesn't mean it doesn’t impact others involved in your life like your family and close friends. Waiting too long to get insured will leave your family vulnerable and at risk of struggling financially should you unexpectedly pass -- on top of the emotional stress -- and that can be extremely overwhelming. It’s never too early to ensure that your family will be taken care of in the future, should anything ever happen.
Forgetting About Your Policy
Just because you've made your policy effective doesn't mean that you can’t maintain it. Life is always changing and specific relationships as well as family issues arise and can alter your future. You should always review your insurance policy and adjust it accordingly after any major changes happen to your family or in your life to ensure your insurance policy reflects your current situation. Even if you have had the same coverage for 15 years, you can easily go back and have it adjusted.
Having No Insurance Policy At All
Waiting too long or never adjusting you policy are mistakes people certainly make, but the worst mistake anyone can make involving insurance is by simply not having any. You might think that since you and your family are happy and healthy, that you don't really need any insurance. If you look at it like this, it's difficult to justify spending the extra cash for something that you don't really think is necessary. If you think about your life or your family's future, however, you'll realize how important it is for you to have a great policy.
If you want to learn more about health and life insurance policies, contact Bankers Fidelity today.
In the U.S., one-third of adults have pre-diabetes, and the majority of them aren't even aware of it. Because diabetes is such a problem in the U.S., it's essential for patients to have affordable term life insurance plans and all the essential health benefits that you'll need.
Here are some of the important aspects of diabetes you should know about.
Diabetes Can Be Quite Expensive
Every year, diabetes ends up costing overall roughly $174 billion. Approximately $116 billion was used for direct medical expenses. That's why it's important that you find quality insurance policies that come with the essential health benefits you'll need as you get closer to retirement and old age. Talk to Bankers Fidelity today to learn about essential health benefits.
Not All Blood Glucose Monitoring Meters Are the Same
Every person is different and every case of diabetes is unique in its own way. Certain aspects or features of blood glucose meters vary significantly, so it's important that you're aware of each aspect of your specific meter. Consult with a medical professional and diabetes expert before purchasing any blood glucose monitoring meter.
You Should Talk to Your Pharmacist as Much as Possible
Your pharmacist can help you out tremendously, especially if you are still adjusting to being diagnosed with diabetes. Getting to know your pharmacist has its advantages from understanding the frequency and dosage of your medications to being able to anticipate your next refills. In addition, they have thorough knowledge of your medication(s) and will be able to answer any questions you may have, which may avoid calls to your doctor.
Keep Your Cholesterol In Mind At All Times
Diabetes and high cholesterol may go hand in hand. Because high cholesterol can cause serious damage to blood vessels in your eyes among other problems, it's important for you to keep your cholesterol in check with healthy habits. Talk to your doctor about testing for high cholesterol and the frequency you should do so, especially if it runs in your family.
You Don't Always Have to Be Overweight to Develop Diabetes
It's a common misconception that diabetes is linked to obesity. However, according to Women's Health, 15% of people with Type 2 diabetes aren’t considered overweight.
Make sure you regularly consult with your doctor whether you have diabetes or not. It's your life and it's up to you to live it in the healthiest way possible.
Protect Your Medicare Information Online
Understanding Medicare Supplement
Neither Bankers Fidelity Life Insurance Company® nor its Medicare Supplement policies are affiliated with or endorsed by the U.S. Government, the federal Medicare program, or the Centers for Medicare and Medicaid Services. This is a solicitation of Medicare Supplement insurance and an independent agent may call on you. The Medicare Supplement products issued by the Company are insurance policies. Policy form series B 21092 is issued by Bankers Fidelity Life Insurance Company®, Atlanta, GA; policy form series B 21492 is issued by Bankers Fidelity Assurance CompanyTM, Atlanta, GA. Limitations and exclusions apply; actual policy provisions control. Rates subject to change on a class basis. Individually underwritten; application to determine eligibility required.
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