Compare, Review, Purchase Life Insurance Policy with Suggestinsurance.comPosted by Sonia Nagpal on March 31st, 2016 It can be so confusing and downright overwhelming to find the right life insurance policy. With so many options to choose from and policies seemingly similar with one another, how do you go about choosing the right one? You can compare and review life insurance policies with Suggestinsurance.com. We make it easy to compare rates and features of different policies from different insurance companies, all with just a few clicks. Buying the right policy can secure the future of your loved ones in the event of your untimely demise. Consider these factors when shopping for a life insurance policy so you can make an informed decision:
• What you want and need How much coverage do you think you will need? Would you rather have cash value policy or term life? How many years of coverage will you need? By answering questions such as these, you will be able to narrow down your search for the right insurance policy. To help you figure what you want and need, start assessing your lifestyle as well as the lifestyle of your beneficiaries.
• The premium and the benefits Don’t choose a life insurance policy simply because the premium is cheap. You have to understand what is covered by the policy and why it is priced low. You should ask questions like: Do policy premiums vary every year? Are there restrictions to accessing cash from your policy? Will you be able to customize the policy and add riders or options? A good way to compare and review insurance policies is by doing the maths. There are two ways to do this with the help of the below mentioned index: 1. Net payment cost comparison index – This is ideal if your main concern is the death benefit. 2. Surrender cost comparison index – Using this method is the most significant feature of the policy is the cash value levels should you plan to collect the cash and surrender your policy. Now, these two methods can get complicated. Luckily, Suggestinsurance.com has an excellent team of professionals that can help walk you through the different life insurance policies available in the market. An expert can definitely help you in choosing and purchasing the right insurance policy. Our goal is to help you find the package that best suits your needs and ability to pay. About the Author Suggestinsurance.com is the online identity for IRDAI approved insurance broker – S B Insurance Brokers Pvt. Ltd. On SuggestInsurance.com, we offer quotes from leading insurance companies and let the customer explore the insurance plans, get their details, view and study brochure and other documents, compare features and benefits of these plans side by side and then take a decision. Business Name: Suggest Insurance Name: Sonia Nagpal Designation: Sr VP Sales Address – D-2, Sector 3, Noida - 201301 Email ID – info@suggestinsurance.com Website - http://www.suggestinsurance.com/ Like it? Share it! More by this author |