Scoping Out Life Insurance
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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