Wheeling, IL (PressExposure) March 11, 2010 -- AccuQuote, a leader in providing term life insurance quotes to people across the United States, provides easy tips to help consumers organize personal life insurance documents. The multi-carrier life insurance brokerage firm acknowledges the benefits of an organized personal finance system and encourages consumers to take advantage of these tips.

“It’s common for us to lose track of important documents in stacks of papers containing credit card statements, mortgage loans, tuition bills, etc. Especially documents that we don’t think about everyday, such as our life insurance policy,” says Byron Udell, founder and CEO of AccuQuote. “But your life insurance policy is one of the most important financial documents you own, so it’s important to not only keep track of where it is, but all of the information pertaining to it.”

AccuQuote provides the following tips to help consumers organize their personal life insurance documents:

• Know where the original life insurance policy is located and tell beneficiaries of its location
• Write down the full name of the issuing life insurance company and the group it belongs to (if applicable)
• Keep the issuing life insurance company’s current address, including city and state
• Identify the life insurance policy number and make it clearly visible on the policy itself
• Be aware of when the life insurance policy was issued and if it is still in force
• Remember the death benefit amount
• Maintain current contact information of the agent/broker who sold the life insurance policy
• Acknowledge what type of life insurance policy it is (i.e., term, whole, etc.)

In addition to helping consumers organize their personal life insurance documents for their own benefit, Udell suggests that an organized system will allow beneficiaries to locate a policy and submit a claim quickly and easily.

“It’s never easy to lose a loved one, but we’re never truly given the appropriate amount of grieving time if we’re bombarded with unorganized financial documents,” says Udell. “Keep things organized, especially if your beneficiaries will need the death benefit immediately to pay for outstanding expenses.”

Not only is it important to keep life insurance documents organized, but these tips can be applied to any other insurance or financial documents. An organized personal finance system will allow consumers to reduce their overall stress level and help their surviving loved ones locate important documents at a time of need.

About AccuQuote

AccuQuote helps consumers find the best values in term life insurance by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answers many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-800-442-9899.

Press Release Source: http://PressExposure.com/PR/AccuQuote.html