Life Insurance: 6 Good Things To KnowPosted by Nick Niesen on October 29th, 2010 We know the importance of life insurance as we want to make sure that our loved ones are taken care of when we die. But do some research so you'll be sure to get the best possible coverage at the right price. Here are some helpful tips: 1. Shop for your life insurance coverage SHOP FOR YOUR LIFE INSURANCE When it comes to life insurance, it pays to shop around because premiums can vary widely. And thanks to the Internet, it's now easier than ever.Make sure the website considers the factors in your medical history that can affect the premiums. BUY LIFE INSURANCE THAT YOU NEED The key to purchasing the right amount of life insurance is to have enough to meet your needs. It's important not to have too little coverage as it would be difficult to purchase if you get sick. The healthier you are, the better the life insurance rates GET YOUR LIFE INSURANCE WHILE YOU ARE WELL If you've been putting off purchasing life insurance because you don't want to pay the premiums, you may be doing yourself a disservice in the long run. If you are in good health, buy it now. YOUR LIFE INSURANCE COVERAGE SHOULD BE REGULARLY REVIEWED You'll want to make sure that a major life event such as the birth of a child, marriage, divorce or perhaps that the children are grown won't leave you underinsured or overinsured. MONTHLY PREMIUM PAYMENTS FOR LIFE INSURANCE COSTS MORE You will be paying more for your life insurance if you pay your premium in monthly installments. GROUP LIFE INSURANCE Don't rely solely on the life insurance offered by your employer Like it? Share it!More by this author |