Thoughts From My Life
Oct
03

Scoping Out Life Insurance

Written by Neil Galloway

Purchasing life insurance is a "fun" little process. There are a number of decisions to make such as:

  • Universal, Whole Life, or Term
  • Amount of coverage you need.
  • Features of the policy.
  • Rates
  • Joint coverage for a couple.
  • Trailer options for children.
  • etc

One of the big things you need to do after deciding on the type of policy you want to buy is to just get a number of different life insurance quotes from various companies. They will vary a bit and some will offer different incentives or discounts based on medical exam or other information.

I recently dissolved two polices and purchased one new one that had significantly cheaper rates for less money. It also had better features within the policy. It's good to re-evaluate every so many years to see if rates have dropped significantly as well.

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Original Post: Friday, October 3rd, 2008


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