Life Insurance Buyer's Guide - 2

* How much do you need?
* What is the right type of life insurance?
* If you decide to replace your policy, do not cancel your old policy until you have received the new one.
* Verify your new policy and decide if it is what you wanted
* It can be expensive, a policy should be replaced. Much of what you pay in the first few years of the policy you have now, the company pays the costs of the sale and issuance of the policy. You can pay this kind of cost to buy, if you have a new policy.
* If you are older or your health has changed, the premiums for the new policy is often even higher.
* You will not be able to buy a new policy if you are not insurable.
* You may have valuable rights and benefits in politics, you have now, not in the new one.
* Consider the change of policy now or to supplement the coverage or benefits that you want,
* Check with the agent or company that you have that you now
* Check updated illustrations to see how your policy, and what we could expect in the future, based on the amounts that the company pays.
* How much income the family can I offer?
* When I die too soon, how would my survivors, especially my children through?
* Did someone on me financially, as parents, grandparents, brother or sister?
* Do I have children, for which I money to put aside up to the end of their training in the event of my death?
* How will my family pay final costs and repay debt, after my death?
* Do I have family members or organizations to which I would like to leave money?
* Will there be willing to pay estate taxes after my death?
* How will the inflation on the future needs?

As you figure out what you have to meet these needs, including life insurance you have now, including group insurance, in which you work or veteran's insurance. Do not forget that the social security and pension scheme survivor's pension benefits. Add other assets you have:

* Savings
* Investment
* Property
* Personal property

Which assets would your family or to sell in cash to pay for expenses after your death?

All measures are not the same. Some provide coverage for your life and others who for a certain number of years. Some build up cash values and others do not. Some policies combine different types of insurance, and others get from one kind of insurance to another. Some measures can be other advantages while you still live. Your choice should be based on your needs and what you can afford.


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