Tips for Choosing a Life Insurance Policy

If you do not know where to start when it comes to shopping for a life insurance policy, you are not alone. There are so many options and prices, making the task of shopping for a life insurance policy intimidating. You want to be sure you get the right policy and pay the right premiums, so get some help andconsult an expert before you make a decision.
Can an Agent Help?Before you call an 800 number to get your life insurance policy through a television commercial, consider talking to an insurance professional. We do not use the word “PROFESSIONAL” lightly. Make sure you are talking to a licensed life insurance agent who has years of experience, and your best interest at heart. Even if you do decide in the end to go with a policy somewhere else, you can get valuable information through the expertise offered by an agent.

They will help you to decide how much coverage you need and what type of policy is best. They can explain to you all the rules and procedures involved in obtaining your policy. If you do not already have an agent, ask friends and family for a referral to someone they trust.
Possible DiscountsIf you look for a life insurance policy with the same company that insures your home and car you may qualify for an additional discount on those policies. 
Many large insurance companies offer multi-policy discounts for customers who take out more than one type of insurance policy with them. Ask what you could potentially save on your auto and home-it might make it worth a slightly higher life insurance premium.
Getting Rate Comparisons
It is always worthwhile to get at least (3) three quotes on any major purchase you make. Call around and get comparisons. Be sure they are quoting the same policy limits as well as the same type of policy and term length if applicable. Compare apples to apples. Remember that quotes may not be entirely 
accurate-what may be discovered on your health screening could affect the true premium, (which is the cost) when the policy is issued. If the premium amount is different from the quote, you will have an opportunity to change your mind and decline the policy. Be sure to ask for detailed information on the 
reasons why the premium is different.

Be sure you have made the right decision. You will be paying that premium for a long time, and changing to a new policy later could cost you a lot of money.  So be sure you are happy with the policy and the premium, because once you choose a policy it is best to stay with it.

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