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