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Eight Life Insurance Mistakes Clients Make, Wealth Management

Between enduring the underwriting process, paying the premiums, and considering the prospect of one’s untimely demise, it’s no surprise that clients aren’t enthusiastic about discussing life insurance. So it falls on you, their financial advisor, to not only broach the topic, but also ensure that the amount, type and duration of their life insurance coverage is right for them, and that they actually complete the process. Here are some of the life insurance errors made by clients that you can help them avoid. According to a recent survey conducted by the website Bestow, 70 percent of American adults don’t have any life insurance. Even worse, the study said 75 percent...

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