How to compare different policies?
When comparing different life insurance policies, it’s important to consider both cost and coverage. If a policy doesn’t cover enough of your income to sustain your family after you pass away, it doesn’t matter how little you pay each month. Ask your agent to outline some scenarios where you might pass away unexpectedly, and make sure that any potential policy would be sufficient in those situations.
Things to know before buying your policy
There are five things to keep in mind when you’re considering purchasing a life insurance policy: 1. What is your goal? 2. How much coverage do you need? 3. What type of policy should you get? 4. Are there any pre-existing medical conditions that could affect your coverage? 5. Do you have dependents who rely on your income for support?