| Take your time in taking decisions, | | | | cheaper than other policy types, but it |
| chalk out which one is best suited for | | | | has no savings feature. |
| you and your family from the policies | | | | It is also necessary to calculate your |
| made available by different insurance | | | | total insurance needs by examining the |
| companies. Look into your age, condition | | | | needs at various stages of your |
| of health, income, health habits, | | | | surviving family, and purchase insurance |
| marital status, number of children and | | | | to cover the gaps. Don't forget to |
| lifestyle. | | | | review your life insurance plan |
| You must always keep in mind that if you | | | | periodically. You need to be alert when |
| don't need it, avoid it. No need to | | | | your financial responsibilities undergo |
| insure. Ask yourself how much your | | | | a significant change. Be open to talk |
| family is depending on your salary. If | | | | about the insurance plan with your |
| your family can't do without your | | | | spouse and let he/she understand the |
| earning, you really need life insurance, | | | | gaps the current insurance are going to |
| otherwise no need to worry. It is | | | | fill. |
| difficult to say for how much money | | | | Some points are also needed to keep in |
| should you insure. Yes, it depends on | | | | mind while buying insurance. Make your |
| your family's lifestyle and debts. | | | | check payable to the insurance company, |
| Generally, people keep it at between | | | | but not to the agent. And don't forget |
| five and ten times of your annual | | | | to get a receipt. Even if you have |
| salary. | | | | purchased a policy, have a think and |
| It is recommended that if you're under | | | | rethink for around ten days. You can |
| 40 and don't have a family history of | | | | always ask for a cancellation and change |
| life threatening illness, try Term | | | | for an appropriate one with full refund. |
| Insurance. It offers death benefit but | | | | In case an agent or company contacts you |
| no cash value. Otherwise, always go for | | | | and wants you to cancel your current |
| the Whole Life Insurance, as it offers | | | | policy to buy a new one, always contact |
| both death benefit and cash value. | | | | the original agent or company before |
| However, it is much more expensive than | | | | making any decisions. And it is up to |
| the former. As Term Insurance safeguards | | | | you whether you try for an expensive one |
| the policyholder only for a specified | | | | or the cheaper one. But don't forget to |
| time period, it is appropriate for | | | | gather maximum information. |
| military and young families. It is | | | | |