When you buy life insurance, you want coverage that fits your needs.
First decide how much you need – and for how long – and what you can afford to pay. Keep in mind the major reason you buy life insurance is to cover the financial effects of the unexpected or untimely death. Life Insurance can also be one of the many ways you plan for the future.
Next, learn what kinds of policies will meet your needs and pick the one that best suits you.
Then, choose the combination of policy premium and benefits that emphasise protection in case of early death, or benefits in case of long life, or a combination of both.
It makes good sense to ask your Broker to help you. As a full service Broker, we can help you review your insurance needs and give you information about the available policies from any of the insurance companies. If one kind of policy does not seem to fit your needs, ask about others.
This guide provides only basic information. You can get more facts from the insurance professionals at Field Insurance Brokers Inc.