I wanted to write about one of the cases that I have completed to show you the value of an insurance professional and how much you can actually save by associating him/her. It doesn’t mean that there is anything wrong with online insurance quotes, it simply means that it is a good idea to be aware of the sites that you are shopping online (please read my articles related to this subject; Do You Want To Be A Lead or a Client When You Are Looking For Online Insurance Quotes, Who Are The Main Online Insurance Players)

This case involves an attorney who owns his own practice and another business on the side with six children, and his wife.

Previous Insurance Policies
Homeowners Insurance = $1,000.00 per year
Term Life Insurance ($500K, 20 year, started in 2002) = $300.00 per year
Term Life Insurance ($250K, 20 year, started in 1998) = $250.00 per year
Term Life Insurance ($500K, 20 year, started in 1998) = $460.00 per year
Auto Insurance = $1,500.00 per year
Commercial Truck Insurance = $4,000.00 per year
Health Insurance = 7,600.00 per year
Umbrella Insurance = N/A

Current Insurance Policies
Homeowners Insurance = $900.00 per year
Term Life Insurance ($1M, 20 year, started in 2009) = $1,800.00 per year
Term Life Insurance ($750K, 20 year, started in 2009) = $750.00 per year
Auto Insurance = $1,400.00 per year
Commercial Truck Insurance = $1,000.00 per year
Health Insurance = 5,200.00 per year
Umbrella Insurance = 180.00 per year

Without going into details, the bottom line is as follows:

• Family saved whopping $3,880.00 ($15,110 - $11,230.00) which is about 26% per year, which also correlates to about $320.00 per month (not bad…!)
• Further more, family now owns $500K more life policy, additionally an umbrella policy, and increased coverage on auto and commercial truck.

This is just a real-life example merely to explain the value of an insurance professional who can save you considerable amount of money (and time) with increased coverage. Yet the real beauty of this is not only the savings, it is also determining how much and what kind of insurance you need according to your personal needs.

Let me know if you have any questions or comments?