How to buy Life Insurance?
26 Persons died in a fire at Kolkutta. Who will look after the family?. This news is the answer to the question WHY TO BUY LIFE INSURANCE.The question of buying insurance is very important in life. But it is the most difficult even for very highly educated people. It is difficult, because most companies give special offers in the forms of features.. Some Insurance companies list discounts in the premium, in case of becoming disabled .
At the same time some Insurance companies list double the indemnity if some one dies in an accident. The Insurance companies may have different paid up period. Different Life Insurance types may be 10yrs, 12yrs, 15yrs or whole life.
The decision should be made after selecting the features, which are desired by you.
Decision making process.
A] Decide life insurance question of
Period of policy. compare term insurance
Whole life,
Universal or Variable life
It can help you better to choose, before you start the search .
B] Now compare term insurance policies with same period and same features. Ask the cost of compare term insurance policies to you after the interest payment.
C] Now compare the insurance policy quotes by different agents. Compare these with low load companies who deal direct without the agent. Some time the employer buys policies in bulk and may contribute a share as incentive for employees.
D] Question of Payment at the time of maturity. Now verify the
TIP : Young persons should select the policy that allows to buy more without any medical check up.
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