Tuesday, June 26, 2012

How to choose the right life insurance

Below are 5 suggestions that can help you make the right decision for you and your family.
  1. Research and compare. Use the web to shop. Ask for insurance quotes that include all options or riders so you know exactly what is available.
  2. Ask questions so that you know what you are getting. Agents or insurance organizations should be able to fully explain exactly what you are buying and why.
  3. Choose the type of insurance that fits you. Rates will depend on your age and health status.
  4. Consider life insurance for the whole family. Expenses that follow a death or serious illness or accident will add more stress to an already devastated family.
  5. Consider your life insurance as a fixed and non-negotiable expense in the same way you would your mortgage or car payment. It’s easy to consider life insurance as an 'investment' rather than a need.
Life insurance (term, whole life or variable universal life) can let you get on with the business of living while knowing that should the worst happen, your family is protected.

Choosing the right key
Choosing the right key. Credits: Tamahaji