Make Your Insurance Plan
Use the DECIDE decision-making model to help you choose the right insurance plan for you.
Click on each step below to see examples of the DECIDE process. Use the DECIDE Worksheet to get you started.
Define the Problem
- Be as specific as possible with insurance goals.
- “We need a health plan for a family of four that fits within our monthly budget.”
Establish Your Criteria
- What are the features you absolutely must have in your insurance policy?
- “We need a life insurance policy that offers a lifetime of coverage with steady payments.”
- “We need home, auto and health insurance to at least meet minimum requirements of the law and our lenders.”
- Narrow down your list to two or three different insurance plans or insurance vendors.
- Company A
- Company B
- Company C
Identify Pros and Cons
- Make a chart so you quickly can compare the features and prices of each of your top two or three insurance choices.
- “Company A has better auto rates.”
“Company B will work with us on disability insurance.”
“Company C offers the most competitive rates over all.”
- Choose the insurance plan that best matches your criteria.
- After looking at reviews and customer complaints online, Company C is cheaper, but has a poor customer service record.
- Company A seems to be the best choice right now.”
- Make a plan to regularly check on your insurance coverage.
- I will make a calendar reminder to reassess all our coverage in a year.