Wednesday, July 1, 2009

Prepare for your insurance interview

Below is a list of some common questions that cyber insurance calculators will ask you when you are filling out their quiz to determine your life insurance needs. The more you research your answers, the more valuable the calculator's results will be. Before you go on-line, have answers to the following questions ready:

What's your expectation for the future inflation rate?
What's your estimate for your kid's college education (remember to include tuition, room, board, books and fees)?
What's your annual living expense?
Will any of the people who now depend on your support go to work in the event of your death? If so, how much will they earn?
Do you expect any inheritances?
Do you have insurance coverage through your employer? If so, how much?
What's the current value of your liquid assets, including bank accounts, stocks, bonds, and mutual funds?

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