When You Shop Your Life Insurance Rates, Keep In Mind?

Posted by sakhi sawant on September 9th, 2016

There are a few things you’ll want to keep a sharp eye on throughout the process.

Be sure you are using a reputable site, and don’t ever offer up information such as your social security number just to receive a quote. While you may need to enter your name and e-mail address or other basic contact information, do not give your private information to anyone unless you are on a secure site, and are filling out the paperwork for an actual application.

Ask questions if you have any! Don’t be afraid to ask questions about your purchase, even before you buy. While most products look identical on the surface, they may have some differences. You’ll want to know exactly what you’re buying before you make your purchase, as you may own the policy for 30 years or more. You would ask your real estate agent lots of questions before you bought a house, right?

If you have special considerations, be sure to ask about those, too. For example, if you are prescribed marijuana as a treatment, you might be curious to know what your options are to obtain coverage. Perhaps you use an alternative tobacco or vape and want to know if you can get coverage as a non-smoker. Or maybe you’re a single mother and you just want to know what the most affordable coverage is.

Last, keep record of your purchase. Print out things like your application, and e-mails you may receive from the insurance company, and keep your life insurance policy in a safe place one you get it in the mail. It may not be a bad idea to tell some close family members or friends you have life insurance also, in the event a claim needs to be made. If nobody knows you bought a policy, how will they know to file a claim?

Source: http://bit.ly/2cKBmDL