If you carried life insurance and you didn't need it, would you cancel that and buy an umbrella liability poli

Question

cy?

Answer 1

An umbrella liability policy is only about $150 for most folks annually.

As far as the life policy is concerned, you might consider a reduced amount of coverage unless you truly have no need now & expect no future need for life insurance'

If you have no family that might need financial support, & there is money to handle your final expenses you may not have a need. But will you in the future?...when your health may not allow a new purchase? Just things to consider.

Answer 2

hi, my call is Eunice Saunders and that i'm an coverage Agent. you ought to have "underlying" coverage to purchase Umbrella coverage. First get a small renters coverage say 20k or a lot less with a minimum of 300K in own criminal duty insurance then you fairly will qualify for the Umbrella coverage. The renters coverage is rather affordable...perchance 50-60 money in step with year and it provide you with the extra insurance that you want plus guard your man or woman residence besides. good success! Eunice

Answer 3

That's like saying, would you sell an apple to buy an orange. NEVER buy insurance for the sake of "having" that type of insurance policy. You need to have a purchase strategy - what is it you want that type of insurance to do? And on life insurance - at what point do you no longer keep it?