Q: Tell us about your role as a member advisor.
A: I take calls from Costco members across the country and
in Puerto Rico who are seeking information on plans. I
guide them through the entire process, from initial quote
to application to the issuing of the policy. I speak with
members who are calling for the ;rst time, as well as those
who have existing coverage and additional needs.
Q: What’s a common goal that motivates people to
A: It’s typically a major life event – such as a birth or changing
jobs – that causes people to consider life insurance.
In terms of goals, people should consider what they want
the policy to do for their family when they die. Do they
want their family to be able to stay in the home? Do they
want enough money to send their kids to college? Do
they want to pay off debt or a mortgage? Once they’ve
prioritized their goals, they can choose the appropriate
amount and length of coverage.
Q: Who needs life insurance?
A: Just about everyone needs some kind of coverage. The
most obvious is the income earner, who wants to provide
for their family and take care of their dependents. Stay-at-home parents are often overlooked as candidates for life
insurance. Consider the costs associated with cooking,
cleaning, childcare, etc. Life insurance could help pay
others to assume those tasks. Even wealthy individuals
should consider life insurance. Coverage can help pay
large estate taxes.
Q: Is there a typical age when people should look into
A: I suggest getting a plan in place as soon as possible, the
younger the better. The cost of a policy is generally higher
if you are older or have health issues. If you can purchase
a plan as soon as you start working, even a small amount,
you can add to it later as your needs change.
We spoke with Mita V., senior
member advisor for Protective
Life Insurance Company, who
explained the practical bene;ts
of life insurance.
The purchase of life insurance is one
of those often-avoided topics. Some