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Blended life insurance: 2 policies in 1

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Be your own advocate

Blended life insurance isn't that popular with insurance brokers because the lower annual premiums mean smaller commissions. Still, many insurance companies offer blended life insurance, so make sure to ask about it. Pinkston suggests talking to multiple insurance agents and to get educated about blended insurance policies before broaching the subject.

Pinkston says fee-only financial planners, who can't collect commissions on the sale of life insurance, may be better equipped to offer blended life insurance policies. "The only money they make is the money you pay them," says Pinkston. "They don't have an incentive to blend or not to blend your policy. The only incentive is to help you make the right choice."


 

 

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