Hire an independent broker to help you select the best policy rather than going directly to an insurance company. This is largely based on the fact that a firm can only offer to you their own product range, whereas an independent broker can provide you with choices from a wider range of firms. Choosing a life insurance policy is a major undertaking and should be treated appropriately.
Many life insurance brokers and agents get paid through commission. It is therefore to their benefit to sell you the most expensive package they can with as many riders as possible. Because of this, before agreeing to a specific life insurance policy, you should get a second opinion. Make sure everything included is something that you actually need!
Some life insurance policies expire. It is important for you to keep up with the expiration date of your life insurance policy and talk to the carrier if the date draws near. You may be able to extend your policy or switch to one with different coverage options. Your insurance company will be able to let you know what options you have.
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