Comparing Life Insurance Policies - 360 Degrees of Financial Literacy

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Comparing Life Insurance Policies

Like anyone else, you want a life insurance policy that meets your needs and budget. But how do you find the right policy when there are so many to choose from and many of them seem so similar? The key is knowing how to compare policies and evaluate the results.

Know what you want--and compare apples to apples

Your first step should be to assess your life insurance needs. For instance, do you need $100,000 of coverage or $250,000? Would you be better off with term life or a cash value policy? If you're buying term life, how many years of coverage do you want? Are there any special features that you want in a policy? How much can you afford to pay in premiums? If you haven't answered questions like these yet, you probably should before you start comparing policies. Otherwise, you may end up comparing apples to... http://go-travel.ucoz.com/news/life_insurance_policy_number/2013-06-01-2894