You may think life insurance comparison is challenging, but it’s not because half of your work is already done. Place your online insurance quote next to any other quotes you have. You want to pick the most affordable life insurance, but consider these questions during your comparison.
– Do your benefits and/ or premium vary each year?
– How much cash value can you accumulate in the policy?
– What part of the benefits or premiums of your policy is not guaranteed?
– Are policy fees built into your premiums?
– If you’re thinking about a term policy, is it convertible to a whole life policy regardless of your health?
– Does the policy have dividends (the cash value portion)?
If you’re comparing the new quotes and your current policy, you want to answer some additional questions such as:
– Does the level of benefits decrease or increase?
– Does the new quotes match your insurance needs better than the old policy?