By Jamiee Niles
What’s your “Insurance IQ”?
If you’re like most, you probably don’t know as much about insurance as you would like. According to the 2012 Insurance Barometer Study, 45% of consumers rated “knowledge” as either the first or second most important factor in purchasing life insurance. However, one-third have delayed their purchasing decision because they are unsure of how much and/or what type of life insurance to buy, and more than half who say they need more life insurance are holding off for the same reasons. And chances are, when it comes to other types of insurance, the knowledge gap is probably just as universal.
If you’re in the “I wish I knew more about insurance, but don’t know where to look” category, National Consumer Protection Week (March 3 to 9) is the perfect time to educate yourself. NCPW is a coordinated campaign that encourages consumers nationwide to take full advantage of their consumer rights and make better-informed decisions.
And when it comes to insurance, while a little knowledge is not a dangerous thing, a lot more knowledge is preferable. To make the right choice in coverage type and amounts, you need to first know what you don’t know—and then get answers.
Begin by answering the following questions:
Do you want to know more on what is really insurance is? I am ready to assist you.
Hi I am Yen Wei Nee
I have been in insurance industry for 17 years and would like to share here with you my experience and information that is now changing our lives.