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