While the options available for insurance can become somewhat confusing, talking with an agent can clear up any questions and provide you with the best policies for your particular situation. Also most insurance companies offer a discount, approximately 10 percent, if you carry multiple policies through them. Renter's Insurance Take your homeowner's or renter's policy. Make sure your new silver, china, engagement ring, and other gifts are covered under your policy. Many companies require you to schedule these items individually or pay an additional fee to cover them under your existing policy.
Many companies offer life insurance policies with investment options.
An example of this is Nationwide's Competitive Term Life Insurance Policy with Investment Options. Similar policies take accrued payments and invest the money in mutual funds. The options and variables available are numerous and it's important to work with an agent to determine which policy best suits your needs. Dave Harr of Acuff and Associates, Inc. stressed the importance of updating your beneficiary designation. Often people forget to do this and in the event of death, the policy is paid to the person initially listed, usually a family member.