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Life Insurance: 6 Good Things To Know
By Ivon T. Hughes
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
2. Never buy more coverage than you need
3. Buy sooner rather than later
4. Realize the importance of reviewing your coverage
5. You will be paying more by paying monthly
6. Don't rely solely on the life insurance offered by your
employer
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
Healthy people get better rates on life insurance. You will
be asked to pay a higher rate if you smoke, take
medications regularly, are overweight or have a bad
driving record.
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
Many employers offer their employees some sort of group
life insurance. But this amount of coverage is usually not
enough and group life insurance policies are not portable,
meaning that if you leave your job, you can't take your
life insurance coverage with you.
About the Author
Ivon T. Hughes of The Hughes Trustco Group is a licensed Insurance Broker. Author of The Life Insurance Handbook. Get a FREE Copy TODAY!
Email: info@trustco.ca Web: http://www.hughestrustco.com
Article Source: http://www.simplysearch4it.com/article/10695.html
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