I was expecting this to have some really good tips for consumers, and it has a few, but there are a lot of generalizations and glosses over too. Things I agree with:
- Everyone needs life insurance, but especially if you have kids.
- If you live in a flood area, get the flood insurance (they skip over all the stuff going on in Congress about this, and the fact that if you have a mortgage your lender will most likely require this)
- If you are very poor and don't have assests, Long Term Care insurance isn't going to be for you, since you won't be able to afford the premiums. If you have "lots" of money (their words, who in their mind has "lots" of money) then you won't need Long Term Care insurance. But if you are middle class, which is just about everyone I know, then you do need it.
- Skip Pet Insurance - I mean, come on
Bottom Line - get with a licensed agent that you trust and can have a one on one relationship with. We can agree on this one for sure.
