If you are just starting out shopping for life insurance, there are many things to consider. Do you choose a term life insurance policy or a universal policy? Term policies are often the least expensive, but universal policies or whole life policies offer the added benefit of building cash value over time.
Do not get complacent with any existing life insurance policy. Do a life insurance comparison at least once each year. This helps you find the best rates and the best policies. A simple phone call or email is all it takes to find out you have been paying too much for a policy or that you have a policy that is in need of being updated to reflect a change in your personal circumstances.
Before doing a guaranteed life insurance comparison to replace an existing policy, review any changes that you have experienced such as divorce, the birth of a child or a change in your health. An individual who successfully quit smoking during the year stands a good chance of getting a lower rate on a new policy because of this. If you have a new addition to the family, it makes sense to consider raising the coverage amount while keeping the focus on a policy that offers a lower rate than the one you already have.
Find three established insurance companies from which to obtain free, no obligation quotes. Obtain them by calling an agent and providing them with some basic information or by filling out an online quote form. Review the rates and decide upon the new policy to purchase or stay with your current insurer. Performing your own life insurance comparison is quick and it is easy. Best of all it does not cost anything to see about saving more money.