For many people, selecting the right insurance policy is a viable investment option. For these people, insurance is the ideal tool for meeting their family members’ significant financial needs when they are not around. This is because the insurer is legally bound to pay a predetermined sum of money to the policyholder’s dependents in the event of his/her death. The same sum of money is also payable to the policyholder if he/she is unfortunately bedridden with a critical illness. Therefore, many people consider an insurance policy a vital investment option that you need to include in your savings and investment portfolio. For the people living in Washington are fortunate to have a competent investment and financial planner like Linda O Foster to assist them in selecting the ideal insurance policy that caters to their needs.
Linda O Foster is a reputed financial planner and investment expert from Washington, whose professionalism has won the confidence of the people while it comes assisting them in choosing the right investment scheme. She has been working in the financial sector for the last twenty years and has a wealth of experience in helping people from diverse backgrounds select the appropriate insurance policy that meets the financial needs of their family.
When clients come to visit Linda for her advice and counsel regarding which insurance policy to opt for, she makes it a point to examine their personal profile during her discussions with them. According to her, both insurance and investment are a matter of personal discretion for the policyholder and investor. Before making any decision on whether to opt for a particular investment scheme or insurance policy, it is important to examine the financial needs and objectives of your family and yourself. Moreover, the needs and financial objectives for two diverse individuals are never the same. This is the reason why it is necessary to ensure the insurance coverage of the investment scheme caters to your financial needs and goals.
Linda O Foster emphasizes that while opting for an insurance policy is a good investment option, there are a number of things, you should keep in mind. The most important factor you need to examine is the amount of premium payable on a regular basis and the coverage amount that your family members receive in case of any eventuality. Does the policy provide adequate financial security to your family members? Normally, the coverage should be ten times your annual income to provide adequate financial security to your dependents.
Linda O Foster goes on to explain that insurance is always a long-term saving and investment tool. However, before investing you should do a background check on the insurance company and read the terms and conditions of the insurance policy to ensure it meets your family’s needs. Some of the things that you need to consider are the policy structure, customer service capabilities and the insurance company’s network. Moreover, you also need to check on claims settlement ratio of the insurance company before making any decision on opting for an insurance policy.
Linda O Foster is one of the rare breed of investment experts, who takes the personal interests of her clients into account while considering any insurance policy.