Local Life Insurance Expert Offers Three Ways to Save on Policies

Raleigh, North Carolina (PressExposure) September 30, 2009 -- Uneasiness about the state of the economy has prompted Americans to look for ways to cut costs wherever they can. W. Landon Watts, wealth strategist for Raleigh-based Banyan Rock & Talent, believes that dropping life insurance coverage can be a costly proposition.

"Life insurance is a financial safety net; the worst time to drop coverage is when you are feeling financially vulnerable," says Watts. "A better solution is to find ways to save on your existing plans."

Watts notes that September is Life Insurance Awareness Month and encourages consumers to review their life insurance needs with a professional. For those who have coverage, Watts offers the following three ways to qualify for a lower coverage rate:

1. You are healthier. If you have quit smoking, lost a substantial amount of weight or made significant improvement to your health, let your insurance company know. Possible adjustments can reduce your premium.

2. Circumstances have changed. If your mortgage has been paid off, the kids are out of the house, you've gotten divorced or family members no longer need your financial support, the amount of life insurance coverage you need may have decreased. A smaller face amount policy could save you money.

3. Your policy is old. The cost of basic term life insurance has fallen by nearly 50 percent during the past decade. If your policy is more than five years old, you may want to apply for a new one. Be sure not to drop your current coverage until the new policy is activated.

"Life insurance needs to remain a priority, but don't spend more than is necessary," adds Watts. "Take time to review your current policy, and make adjustments that can save you money moving forward."

About W. Landon Watts: W. Landon Watts specializes in wealth strategy solutions for individuals, corporations and institutions, focusing on retirement and insurance planning in both the non-profit and for-profit sectors. Watts joined Banyan Rock & Talent in 1997. He currently holds an Investment Company and Variable Contract registration, as well as a Life and Health Insurance license. Though not a CPA, Watts and Banyan Rock & Talent wealth strategists work within specific legal parameters to indicate tax-advantage opportunities that clients along with their accountants can utilize. Watts understands everyone has different goals, risk tolerances and objectives; he enjoys customizing each portfolio for his clients. Watts received a Bachelor of Science degree from Appalachian State University in 1993. He is licensed to conduct business in Florida, Indiana, North Carolina, South Carolina and Virginia. Call (919) 782-0033 for more information.

Material discussed herewith is meant for general illustration and/or informational purposes only, please note that individual situations can vary. Therefore, the information should be relied upon when coordinated with individual professional advice.

About Banyan Rock & Talent: Based in Raleigh, Banyan Rock & Talent is a collaboration of registered reps with FSC Securities Corporation. Founded in 1986, the company holds the philosophy that strength, growth and the diversification of their client's hard-earned money is made possible through knowledge, diligence and years of experience. Banyan Rock & Talent specializes in areas including stocks, bonds, mutual funds, variable annuities, retirement strategies, market timers, life insurance, disability insurance and applied real estate. All strategists are registered representatives offering securities through FSC Securities Corporation, a registered broker-dealer, and member of FINRA/SIPC. For further information, visit 3356 Six Forks Road Raleigh, NC 27609, or call (919) 782-0033.

Securities offered through FSC Securities Corporation, Member FINRA/SIPC. Banyan, Rock & Talent is not affiliated with FSC Securities Corporation or registered as a broker/dealer or investment advisor.

About articulon

Based in Raleigh, Banyan Rock & Talent is a collaboration of registered reps with FSC Securities Corporation. Founded in 1986, the company holds the philosophy that strength, growth and the diversification of their client's hard-earned money is made possible through knowledge, diligence and years of experience. Banyan Rock & Talent specializes in areas including stocks, bonds, mutual funds, variable annuities, retirement strategies, market timers, life insurance, disability insurance and applied real estate. All strategists are registered representatives offering securities through FSC Securities Corporation, a registered broker-dealer, and member of FINRA/SIPC. For further information, visit 3356 Six Forks Road Raleigh, NC 27609, or call (919) 782-0033.

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

Press Release Submitted On: September 30, 2009 at 11:30 am
This article has been viewed 18595 time(s).