When purchasing life insurance, you should make sure that the coverage fits your needs. There is a decision making process which I have broken down into steps for you.
Step 1- Decide how much you need
Step 2- Decide for how long you will need it (until the mortgage is paid off, etc)
Step 3- Decide how much you can afford to pay
Step 4- learn what kinds of policies are available to meet you needs
Step 5- choose the combination of policy and premium and benefits that emphasizes protection in case of early death, or benefits in of long life, or a combination of both.
Step 6- Ask an insurance agent to review your decision with you
Step 7- Make committments you will keep- especially where your budget is concerned
One other thing to keep in mind is that when looking for an agent, it is a good idea to look for an agent who can quote your policy through multiple companies to find the best deal for you. Agents who work for one company may sell a very good product, but they are limited in that they can't shop around for you. I'll talk more about Agents in another post.
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