What are the advantages of writing your own EHS policy statement? It saves you the cost of hiring an insurance agent and it saves you time, effort, and money. In this article I will show you how to create your own policy statement.
If you have ever heard of an EHS policy statement before you may have noticed that there is no definition in the policy. You cannot tell what kind of insurance you need to be covered. This makes things difficult for the consumer.
The best advice is that you have to decide what kind of policy you need before going to buy a whole life insurance. The best part about an EHS policy is that you can add up to an existing insurance policy without having to buy a new one. You can also use the new EHS policy as a reference when you buy a new policy. There are many advantages of writing your own policy statement.
The advantages include saving time because you do not have to go through the task of figuring out what kind of policy you need before you go to buy one. You will also save a lot of money because you will not have to hire an agent and you will not have to take a seminar to find out what kind of policy you need. The other advantage is that you will have the ability to add to the existing policy without having to purchase a new one. The only thing you will have to remember is the policy number.
The disadvantages of writing your own EHS policy statement are that you will be limited by the standard of an insurance company. It is essential that you understand that an insurance company only has a certain number of policies that they approve for sale. In other words, the only time that you can write your own policy is when they offer it. They cannot approve your policy if they do not allow it.
Another disadvantage is that you may not be able to increase the coverage that your insurance policy offers. If you have purchased an EHS policy before then you will be restricted to the amount of coverage that is offered. Once you purchase a whole life insurance policy then you will be able to add the coverage that you want to your existing policy. The only limitation is the amount of money that you are allowed to spend on the insurance policy.
It is also important to remember that if you want to sell your policy you will have to write a different policy than what you originally had. You will also have to explain why you want to sell your policy. If you can prove that you are going to get more coverage by paying a higher premium then you will have to pay extra to sell the policy.
The best advice for you is to decide what kind of insurance you need before you go to buy a whole life insurance. Then you can start writing your own EHS policy statement.