This guide can help you when you shop for life
insurance.
It discusses how to :
* Find a policy that meets you needs and fits your budget.
* Decide how much insurance you need.
* Make informed decisions when you buy a policy.
Important things to consider:
1. Do you really need life insurance? Review your own insurance needs and circumstances. Choose the kind of
policy that has benefits that most closely fit your needs, Ask an broker to help, because they always represent
many insurance companies, they can compare and recommand the suitable type of insurance for you.
2.Find out you need the insurance for short term(Term Life) or long term(Permanent Life) .
3.Decide how much you need. ( Normally base on your income, your assets, your family need)
4. How much premium can you afford it monthly, annually? and for how long can you commit it to keep paying?
5.What are your purpose from life insurance? For death benefit or living benefit?
6. Do you want to accept the cash value ? How the cash value build up? Fixed? Variable? Indexed?
7.Guaranteed the premium payment or non guaranteed? you want to control it or insurance company control it?
8. What is your choice about the death benefit ? ( Level? Increasing? Return of Premium? )
9. What are your health condition?
10. What are you immigration status?