Olympic Athletes train for years to become the best at what they do. Olympic Athletes are at the top of the game due to their attention to details. Maintaining a proper insurance portfolio also requires attention to details. Details can make or break your insurance portfolio. If you ask any successful athlete what’s at the root of their success, it’s always the basics.
You can’t run until you know how to walk.
Here are the basics that you need to know to bring home the Gold in the Insurance Olympics:
* Do You Know What You’re Training For?
Do you have the right amount & type of insurance. Just like an Olympic Athlete has to train appropriate for their event with the proper diet & preparation – you need to make sure that you have the right amount & type of insurance. If you don’t have enough insurance or the right type – you (or your) beneficiaries will be left short of the finish line at claim time. Make sure you do your preparation by using the resources here at The Insurance Literacy Institute.
The Questions and Answers on Insurance Planner can guide you through the basics of all major types of insurance: Auto Insurance, Homeowners Insurance, Health Insurance, Life Insurance, Disability Insurance, Long Term Insurance and Annuities. You can receive a complimentary copy by signing up for The Insurance Literacy Newsletter (click here) and if you’re already a subscriber, just send me a note to request a copy by clicking here.
* Can Your Sponsor Cover Your Expenses?
Training for the Olympics is an expensive endeavor and requires substantial financial support. When you obtain insurance, you need to make sure that your sponsor (the insurance company) is financially stable and able to meet it’s obligations. Check the insurance company’s financial strength ratings and make sure that they’ll be around. Find out more about Insurance Company Ratings by clicking here
* Do You Have The Right Trainer/Coach?
Having a coach with the appropriate experience and knowledge helps an athlete learn and achieve their potential. Is your coach (insurance agent) helping you learn and looking out for your best interests? Has your coach (insurance agent) taken the Insurance Consumer Bill of Rights Pledge?
While there’s many other things that make an Olympic Athlete into a Gold Medal Winner, these are the basics for setting up your insurance portfolio. The best athletes don’t just depend on themselves, they do their research and work with the best.