In-Depth View Of A Life Insurance Policy

In-Depth View Of A Life Insurance Policy

Three are many important financial decisions that must be made in life, but determining the optimal level of life insurance coverage is one of the most important. Without sufficient life insurance coverage in place your family could be left to suffer a devastating financial loss in addition to their devastating emotional loss. It is important for everyone with a family to protect to look at his or her life insurance needs and to compare coverage offers very carefully.

Buying life insurance can be a difficult and complicated process, but it does not have to be that way. With a little bit of research, some knowledge and plenty of shopping around it is possible to get excellent coverage for a very reasonable price. While the cost of life insurance will vary widely according to a number of factors such as the age of the applicant, the health of the applicant, the amount of coverage and the term of that policy shopping around can save applicants a great deal of money.

Doing plenty of research can also help applicants get the most coverage for their limited life insurance budgets. Understanding how life insurance works and what it covers is a great way to ensure that your family truly has the protection they need to carry on in the event of your untimely demise. Being an informed consumer is important in all aspects of life, but it is particularly critical when it comes to shopping for life insurance.

Looking at a sample policy is a good way to get a feel for what your own life insurance policy will look like. While the exact layout of the policy will vary from company to company, the life insurance policy will generally include basic information such as the name of the insured, the names of all beneficiaries, and the amount of the death benefit. The life insurance policy will also include any required disclaimers, as well as a section related to any exclusions.

The policy may for instance have an exclusion for suicide, or for specific medical conditions. It is important to read the policy carefully and to question any exclusions or disclaimers. When the policy is received it is important to read the entire document, including the dreaded fine print. If you discover any errors, or have any questions, it is important to get those questions answered or adjustments made as soon as possible. If problems are found simply contact your insurance agent or the company that wrote the policy.

It is also important to verify all of the information on the policy as soon as possible. Look carefully at the spelling of names, at the address listed on the policy and at the names of any beneficiaries. If any errors or omissions are found it is important to ask that they be corrected as quickly as possible. In most cases a simple phone call to the company should be enough to get the ball rolling, but you may want to follow up with a written letter as well. Documenting any requested changes can provide a valuable paper trail in the event a dispute arises in the future.

Speaking of paper, it is important that the original life insurance policy be kept in a safe place, preferably in a safe deposit box at the bank. If a safe deposit box is not available a fireproof safe can be a good substitute. The key is to keep the policy in a place where it will be safe and at the same time easily accessible when it is needed. It is important for the insured to provide his or her spouse and other loved ones with the location of the original policy, as well as any information required to access the policy. This information can consist of anything from the safe combination to the location of the safe deposit box key. Having this information readily available will help your beneficiaries get the benefits they deserve and lessen their stress during a difficult time.

Above all, it is important to treat the life insurance document as the vital financial protection it is. Life insurance is designed to protect your loved ones in their time of need, and it is important to keep the original document safe. Many people find that keeping the original in a fireproof safe or safe deposit box and keeping copies of the document in a safe place as well will make it easier for their beneficiaries to file a life insurance claim when they need to.

If you do not have a copy of your life insurance policy it is important to contact your life insurance agent or life insurance company as soon as possible. You should have received the original insurance document when the policy was approved by the underwriters. If you did not be sure to contact the company and ask for one. If you do not receive the policy in a timely basis be sure to follow up in writing. Also be sure to keep copies of all correspondence, including both letters and emails. Also keep detailed records of any company information that takes place on the phone, including the names of any customer service representatives, the times of the calls and a list of topics discussed. Keeping accurate records will make it easier to settle any disputes down the road.

Obtaining a copy of your original life insurance policy, reviewing that policy carefully, and keeping this vital document in a safe place is the responsibility of every policy owner. If you want to make sure those vital benefits are available when they are needed most you need to make sure your policy is accurate, up to date and well protected. It may take a bit of research and hard work to make it happen, but your family will be glad you were so proactive. Knowing where the life insurance policy is, what it covers and how to access those important benefits will relieve your family of an additional burden during a very difficult time.

Life Insurance Underwriting

Life Insurance Underwriting

Life insurance can seem like a mysterious subject for those with no experience in the industry, but in the end it all boils down to risk. Buying insurance is all about risk – with the insured trying to mitigate the risk of living, driving, owning a home and other behaviors and the insurance company trying to balance the risk of everyone in their pool.

In order to achieve their goals and remain profitable life insurance companies employ a unique type of individual known as an actuary. Actuarial science is a very detailed field, and actuarial science training is extremely detailed and highly demanding. Many of the country’s best universities have well respected actuarial science programs, and competition for their limited slots can be fierce. The programs themselves are just as demanding, and the science behind the actuarial science degree is extremely difficult.

Once in the employ of the life insurance company actuaries use a number of different factors, including the information provided by the applicant, demographic information, actuarial tables and proprietary models developed by the companies themselves to determine the optimal premium levels for their applicants. In many case a detailed comprehensive medical exam is also part of the process, with the results of this exam playing a major role in the underwriting process.

It is important for life insurance applicants to keep in mind that they may be required to undergo a medical evaluation before the final policy is written. Life insurance companies have a vested interest in the health of their applicants, and they use a variety of health information to arrive at the premium quotes they provide to those applicants. In addition to the results of any required medical exam life insurance companies may also use information gathered from a detailed health questionnaire and the life insurance application itself.

One of the most important considerations in the life insurance underwriting process is the applicant’s past and present history of smoking and other tobacco use. With so many fatal illnesses directly attributable to smoking, tobacco use is definitely an important part of the underwriting process. Other potential health factors, including excessive alcohol use, hazardous occupations and dangerous hobbies are also part of the underwriting process, and it is important for applicants to be honest and up front when completing their life insurance application. If any material omissions are found the policy could become null and void, leaving the beneficiaries without the financial security they need.

The information provided on the life insurance application is extremely important, and it is vital that this information be completely accurate. The underwriting process used by life insurers depends in large part on the accuracy and completeness of the application, and it is important for those applying for life insurance to provide as much information as possible when completing the form. Providing accurate and complete information will help the actuaries employed by the insurance companies to provide an accurate premium quote and allow applicants to accurately compare the various term life insurance quotes they receive.

All About Life Insurance Applications

All About Life Insurance Applications

We all know that life insurance is an important purchase, but many of us end up putting off this important purchase until it is too late. The decision to delay buying life insurance can have serious financial repercussions for the loved ones who are left behind, and many families have been financially as well as emotionally devastated by the untimely death of their beloved husband, wife, father or mother. In the absence of the family breadwinner families are left to suffer financially, falling behind on the mortgage and undergoing severe financial strain.

Fortunately it is easy to protect your family and their financial future with just a few clicks of a mouse. Applying for life insurance is easier than ever before, and it takes less time than you may think. While lie insurance can be a complicated subject, applying for life insurance is relatively straightforward. All it takes is some basic information. Much of the information needed to complete the typical life insurance form is easy to gather, but it is important to gather all the needed information before getting started.

In order to complete an application for life insurance you will need:

Basic name and address information – the application for life insurance will ask for basic information such as your name, your address, your contact information and perhaps your email address. This basic information will make it easy for the life insurance companies to contact you should further information be needed. In most cases you will be able to designate how you prefer to be contacted (email, telephone, traditional mail, etc.) Be sure to verify that all information has been entered correctly before moving on to the next step. You may also be required to submit your social security number on the actual application for insurance.

Your state of residence – life insurance companies are governed by strict rules put in place by various states, and the companies will need to know which state you live in order to provide you with an accurate quote. Not all life insurance companies operate in every state, so your state of residence will affect the number of life insurance companies to which you will have access.

Your date of birth – age obviously has a role to play when it comes to life insurance premiums, and in general younger applicants can enjoy lower premiums than their older peers. Life insurance companies will use your date of birth, gender and other demographic information, along with their actuarial tables and other proprietary information – to determine your monthly premium.

Your gender – gender also plays a role in determining risk, so you can expect to provide this information whenever you apply for life insurance. During the underwriting process life insurance professionals will use actuarial tables and other information to come up with a realistic quote.

Health classification – insurers also use various health classifications to determine the applicant’s level of risk, and it is important for applicants to provide accurate information in this regard. One of the biggest risk factors insurers use is past and present tobacco use, and the life insurance application will include questions about smoking and other risky behaviors. Providing accurate information here is vital.

Level of death benefit – when it comes to life insurance the death benefit is a critical consideration, and the life insurance application will allow applicants to choose their desired level of coverage. It is important for life insurance shoppers to determine how much they will need to protect themselves and their family before contacting insurers. Often times a Life Insurance Company will have a specific product or product name for each level of death benefit.

Term – for most people term life insurance will be the most affordable option, and it is important to think carefully about the desired length of coverage. Term life insurance can run the gamut, from as little as five years to as long as thirty years. Again, most Life Insurance Companies will have a product name describing the death benefit and term you have selected. It is important for shoppers to think carefully about the length of coverage they need when filling out the application.

Work History – Some applications require information regarding your work history. Some occupations are more hazardous than others and the Insurance Companies want to know this.

After you have provide all the relevant information on the life insurance application and submitted it to the Insurance Company you will be contacted to schedule a medical exam.

How the USA Coverage Life Insurance Quoting System Works

How the USA Coverage Life Insurance Quoting System Works

Life insurance is a vital purchase, absolutely necessary in order to protect your loved ones, your family and everything that you have worked so hard for over the years. Even so, many of us end up putting off this important purchase. The reasons behind this are many. Some people simply find the process of shopping for life insurance too complicated and difficult. Others are put off by the sheer unpleasantness of the topic. No matter what the reason for the procrastination, it is important to overcome these challenges and get the life insurance coverage you need to protect your family and everything that you hold dear.

If you are unsure just how important life insurance coverage really is, just ask yourself this question – if you were to die tomorrow how would your family keep up with its financial obligations and continue living their current lifestyle? Would there be enough money to pay the mortgage, the utilities and other bills after your paycheck stops coming in. Even if you have some life insurance through your employer chances are the money would run out quickly, leaving your surviving spouse and children in dire financial straights. With so much at stake it is important to face the unpleasantness, deal with this complicated subject and get the life insurance coverage your family needs to stay protected.

The process of obtaining life insurance quotes does not have to be overly complicated, and in fact many people find the process easier than they anticipated. Shopping for life insurance used to be a difficult, cumbersome, time consuming and wholly unpleasant process, but these days getting life insurance quotes is a great deal easier and faster. Many technological advances are responsible for this change, but the power of the internet is one of the chief driving factors. Sites like make it easy for life insurance shoppers to enter their information one time and get back many different quotes for life insurance. This makes it easy to compare life insurance policies, determine the true costs of coverage and get the highest possible death benefit for the lowest possible monthly premium.

By using such a comparison site life insurance shoppers can get the coverage they need while simplifying the sometimes complicated process of obtaining life insurance. By providing accurate and complete information shoppers can easily shop the most comprehensive life insurance policies from a number of top rated life insurance companies without ever leaving the comfort of their homes. Before the internet came along the process of shopping dozens of life insurance companies and comparing policies often took weeks – these days the shopping can be done in a matter of days, or even hours.

Getting life insurance quotes through a site like could not be easier. Those shoppers in need of life insurance simply visit enter their locations and complete an easy to fill out questionnaire. All that is needed to get started is some basic information, including the state of residence, the applicant’s name and address, an email address or other contact information and the amount of coverage desired. Shoppers can also choose their own health classifications, making it easy for participating life insurance companies to provide an accurate coverage quote.

Life insurance comparison sites like make it easy to play with different criteria for coverage, making it easy to din the best possible combination of high death benefit and an affordable price. Many shoppers are pleasantly surprised at just how much life insurance coverage they can afford. This is particularly true for life insurance shoppers who choose the simplicity and low cost of term life insurance.

After the easy to complete questionnaire has been completed all shoppers need to do is sit back and wait for their life insurance quotes. The beauty of sites like is that we are able to consolidate the life insurance shopping process into one simple to complete form. The life insurance companies who participate then use the information provided to come up with their own best quotes for coverage, making it easier than ever for individuals and couples to get the life insurance coverage they need to protect themselves and their family.

And since the companies represented are able to provide a number of life insurance options, including various levels of term life insurance, whole life insurance, guaranteed issue life insurance and more, these comparison websites make it easy to shop for any type of coverage.

The value of life insurance quoting is not limited to the first time life insurance shopper. This type of comparison is also very valuable when the time comes for a life insurance checkup. Anyone who carries life insurance should review his or her coverage at least once a year, since circumstances and insurance needs change over time. Major life changing events like marriages, divorces and the birth of children can radically alter one’s need for life insurance, and it is important to change coverage as circumstances dictate. By using a comparison shopping website like life insurance shoppers can ensure that they are getting the best possible coverage at a price they can afford.

Shopping around is important no matter what the product, and this is particularly true when it comes to life insurance. A number of factors can affect life insurance premiums, including the amount of the death benefit, the term, the health of the insurance and of course the company providing the coverage. By comparing life insurance offers shoppers can make sure they are getting the most for their limited life insurance dollars, and this helps protect their families, their finances and their peace of mind. With so much at stake it has never been more important to carry sufficient life insurance. If you have been putting off shopping for life insurance because you feared it would be too complicated, too difficult or just too unpleasant it is time to stop procrastinating and start gathering life insurance quotes. You may be pleasantly surprised at just how easy and how painless shopping for life insurance coverage has become in the internet age.

Life Insurance Health Appointment Tips

Life Insurance Health Appointment Tips

> You should COMPLETELY FAST (NO EATING, AND DRINK ONLY WATER) for 6 hours prior to the exam. (We recommend 12 hours for the best possible results.)

> Stay off salt for 3-4 days prior to exam – may have a beneficial effect on blood pressure.

> No alcohol for 24 hours prior to exam, as alcohol tends to elevate blood pressure for 12-24 hours.

> Get a good night’s rest before the examination.

> No heavy meals and little or no caffeine on morning of the exam. Decaffeinated coffee and a light breakfast would be best.

> Do not smoke within 30 minutes of exam. Smoking tends to constrict artery walls and elevate blood pressure.

> Have the exam in the morning because you will be more relaxed.

> Provide urine specimen before blood pressure check if possible. Elimination of fluids tends to moderately lower blood pressure.

No stimulants (caffeine, alcohol, cigarettes)
Morning exam
Blood pressure after you have had a chance to relax – 3 minute attempts at 10 minute intervals

Exam 2 ½ hours after meal, and no sweets or sugar after the meal
Empty bladder right after meal
2-3 glasses of water before the exam

URINARY SPECIMEN PROBLEMS: (albumin, RCBs, sugar, etc)
Empty bladder right after meals
Drink 2-3 glasses of water before the exam
No sweets or foods with sugar content before exam

Have exam 2 ½ hours after a light meal
No stimulants

FINAL TIP: Do not try to hide any medical history – be completely candid with your examiner.

Term Life Insurance

Term Life Insurance

There are many important financial decisions in life, but life insurance is one of the most critical. Any person with a family who depends on them needs to have sufficient life insurance coverage in place. The purpose of life insurance is of course to protect the individual’s family in the event of an untimely death. Having sufficient life insurance coverage in place is absolutely essential – without it family members will suffer not only a devastating emotional loss but serious financial hardship as well.

Determining how much life insurance is needed can be quite a challenge, however, as can paying for that insurance coverage. Financial experts recommend that workers have a death benefit that provides between 20 and 25 times his or her annual salary. This amount is generally considered sufficient to provide the survivors with the income they will need in the absence of the main breadwinner.

Of course providing that amount of life insurance coverage can be costly, and it is important for workers to explore their options carefully. The calculation outlined above means that a worker with a $40,000 salary would need to have life insurance coverage with a death benefit between $800,000 and a million dollars. Many people feel that this amount of coverage is out of reach, but with the right planning it is possible to get the needed coverage at an affordable price.

For many workers the answer is as simple as a quality term life insurance policy. Term life insurance is the simplest type of life insurance on the market, and generally the least costly as well. That is because term life insurance provides a death benefit – and only a death benefit. There is no investment aspect and no cash value. The purpose of the life insurance policy is simply to provide a death benefit to the individual’s beneficiaries so that they can go on with the rest of their lives.

As the name implies, term life insurance provides coverage for a set period of time – known in insurance parlance as the term. This term can vary widely – from as little as five years to as long as 30 years. The premium will generally be set for the life of the term, making it easy for workers to budget for the coverage they need.

After the original term has expired the insured is free to purchase coverage for a new term, with a new premium. Workers can use this type of coverage to provide their families with the coverage they need throughout their lives, providing a level of flexibility. For instance, a worker with young children may need more coverage than that same worker after the kids have grown up and gone out on their own. By adjusting coverage as needed savvy shoppers can make term life insurance even more of a bargain.

Term life insurance can be an excellent way to provide peace of mind, financial security and reassurance to all members of the family. Purchasing term life insurance is an easy and very affordable way for workers to provide for their loved ones no matter what the future may bring.

Universal Life Insurance

Universal Life Insurance

During their lives workers are called upon to make many important decisions, including deciding how much and what type of life insurance to purchase. While not everyone needs life insurance coverage, it is an essential purchase for workers with families to protect. All persons who have people depending on them for financial support will need to look at purchasing life insurance coverage. Life insurance is designed to protect family members in the event the insured suffers an untimely death. This type of coverage is essential in this uncertain world, and workers everywhere need to carefully look at the life insurance coverage they will need to protect themselves and their family.

It is important for those individuals in need of life insurance coverage to think carefully about not only how much insurance they will need but what type of insurance they will need as well. There are many different kinds of life insurance on the market, and it is essential to shop around for the best coverage at the best possible price.

One of the most popular forms of life insurance coverage is a product known as universal life. Many insurance shoppers like the flexibility that this type of life insurance can provide, and this type of coverage can be an excellent choice for younger workers.

That is because universal life insurance provides a level of flexibility and control that other products simply cannot match. Any insurance shopper who is looking for a combination of flexible coverage and affordable premiums should at least give universal life a good look.

One of the hallmarks of universal life insurance is the flexibility of its premiums and its benefits. Workers who choose this type of coverage can enjoy flexible premiums, making the insurance affordable for many shoppers. Those shoppers who are looking for a convenient and flexible way to get the life insurance coverage they need should consider a universal life policy.

Another great thing about universal life insurance coverage is the flexibility of its benefits. The benefits of the universal life insurance policy can be adjusted over time as life events dictate, making it one of the most useful types of insurance coverage. For instance, younger workers with small children will generally need a much higher death benefit than older workers without any kids in school. The flexibility of universal life insurance coverage allows workers to tailor the death benefit and cash value to the needs of their family members throughout their lives.

Flexibility and adaptability are important in any financial decision, and those two advantages are the hallmarks of the universal life insurance product. This unique type of life insurance allows workers of all ages to tailor their coverage to their individual needs. That allows the family to remain protected throughout their changing lives and gives everyone the peace of mind that comes with knowing their financial needs will be taken care of regardless what comes their way in the future.

Whole Life Insurance

Whole Life Insurance

For those with a family to protect life insurance is not a luxury – it is an absolute necessity. It is up to every worker with a spouse and children to protect to provide sufficient life insurance coverage. The purpose of this coverage is to provide for the financial needs of the family in the event they lose their breadwinner. An unexpected death can be hard enough without financial worries – a good life insurance policy protects the family from financial loss, helping to cushion the blow in a difficult time.

Call us toll free for your Whole Life Insurance Quote: 1-877-872-7071

Of course there are many different kinds of life insurance on the market, and it is important for each individual to determine what type of coverage is best. It is also important for those individuals to determine how much life insurance is enough. The answer to this question is not always an easy one, and it is important to consider all factors, including the worker’s annual salary, the outstanding balance of the mortgage on the family home and the nature of the family’s finances.

These factors will help to determine how much life insurance is needed, and it will make shopping for that coverage a whole lot easier. Once the amount of the death benefit has been determined it will be much easier to determine which policy best meets the needs of the entire family.

The type of life insurance is another important factor, and one that should not be overlooked. There are many different kinds of life insurance on the market, and it is important to consider each of the options carefully. For instance, whole life insurance coverage can be a great choice for many workers, since it provides not only the standard death benefit but the potential for investment growth as well.

By combining an element of investment with the standard death benefit the family can enjoy not only the financial peace of mind that comes with life insurance but the potential for a significant cash value appreciation as well. With a whole life insurance policy the premiums are invested in a combination of stocks, bonds and other financial instruments, and this investment can provide an excellent cash value as time goes by.

And best of all that cash value can be accessed even when the insured is still alive. Unlike the traditional death benefit – which pays only upon the death of the insured – the cash value can be accessed while the insured is alive. This cash value can provide a source of funds for all manner of expenses, including home repairs, college costs and even retirement income.

Another important benefit of whole life insurance is that it provides coverage for the entire life of the insured. Unlike term life insurance, which runs out after a specific period of time, whole life insurance coverage is designed to provide life insurance coverage for life. The permanent nature of whole life insurance makes it a good choice for many people, including older workers who often worry that they will not be able to find affordable life insurance coverage when they are older.

Variable Life Insurance

Variable Life Insurance

Those men and women with a growing family to protect are called upon to make all sorts of financial decisions, from college funding to retirement planning. One of the most important considerations, however, is how to protect the family in the event the main breadwinner dies before his or her time. That is where life insurance coverage comes in to play, and this type of coverage is absolutely essential for individuals with a spouse and children to protect.

Life insurance coverage is designed to protect those family members in the event of an untimely death, and it is absolutely essential for workers to make sure they have the coverage they need to provide that protection. It is important for every individual to ensure that there is sufficient coverage in place to replace lost wages and help his or her family live the lifestyle to which they have become accustomed.

In many cases that means buying life insurance with a death benefit equal to between 20 and 25 times the breadwinner’s annual salary. For a worker earning an average salary of $40,000 that means a death benefit of between $800,000 and $1,000,000. While many workers assume that this level of coverage is out of reach, with the right research and plenty of shopping around it can be quite affordable.

Variable life insurance is a great way for workers to get the advantages of a generous death benefit combined with a good cash benefit and the opportunity for future growth. This type of life insurance coverage provides not only a death benefit but an element of investment as well. This allows the premiums paid to grow over time, providing a cash benefit down the line. This cash benefit can be accessed even while the insured is still alive, providing a level of flexibility that other types of life insurance do not offer.

Many people enjoy the simplicity of variable life insurance as well as the potential for appreciation over time. Combining the traditional death benefit of life insurance with investment can make a great deal of sense, and many people like this type of combined approach.

In addition many insurance shoppers like the idea that their premiums are not simply going into a black hole. Many people who know they need life insurance resist buying it because they worry that the premiums they pay will have been wasted if the death benefit is not claimed. Variable life insurance helps to alleviate this concern by providing the insured with a way to benefit from a life insurance policy while they are still alive. The accumulated cash benefit can be used for any number of purposes, from home repairs and college costs to paying off he mortgage or providing a retirement nest egg.

And since the money can be invested in a number of different ways the insured has control over the eventual cash value of the policy. By investing in a combination of stocks, bonds and other investments workers can participate in the returns of the stock market while enjoying a level of protection against losses in the down years. This unique type of life insurance provides many benefits, and it is definitely worth a look.

Permanent Life Insurance

Permanent Life Insurance

There are many different types of life insurance on the market, and life insurance shoppers face a wealth of choices in the marketplace. From term life and universal life to guaranteed issue life insurance, there are many choices to be made. Understanding the coverage options available is one of the most important parts of insurance shopping.

One of the most popular forms of life insurance coverage is known in the industry as permanent life insurance. As the name implies, permanent life insurance is designed to provide permanent coverage to the insured, making it a good choice for many individuals. Since the coverage is designed to last for the entire life of the insured, there is no need to renew the insurance. This permanence can make shopping for life insurance easier and less of a hassle.

Many individuals prefer the ease, simplicity and peace of mind of a quality permanent life insurance policy to other types of coverage. Unlike term life insurance, which must be renewed from time to time, permanent life insurance lasts for the entire life of the insured person. This can provide real peace of mind for the entire family, since they know without a doubt that their financial needs will be taken care of even if the family’s breadwinner suffers an untimely death due to accident or illness.

Of course permanent life insurance is not the right choice for everyone, and it is important for shoppers to make their choice carefully. Permanent life insurance can be a very good choice for workers whose life insurance needs are likely to remain steady over time. Many workers do indeed have financial needs that remain steady over time, and a permanent life insurance policy can be a great choice for those workers.

Younger workers with young children may find that permanent life insurance is a great choice for their needs. The value of the life insurance policy can grow over time, providing family members with an excellent cash value as well as a generous death benefit. This combination can be a great way to enjoy the benefits of life insurance as well as a great investment opportunity.

Workers with a 30 year fixed mortgage may also want to use a permanent life insurance policy to protect themselves, their family and their biggest asset. The proceeds from the death benefit can be used to pay off the family home in the event of an untimely death, relieving the family of a significant financial burden at what is already a very difficult time.

As with any type of life insurance it is important for those interested in a permanent life insurance policy to shop around as much as possible. The premiums for permanent life insurance can vary quite widely from company to company and shopping around is the best way to get the highest possible death benefit at the lowest possible price.

At the same time it is essential to look carefully at the quality of the company holding that permanent life insurance policy. After all the coverage is only as good as the company standing behind it, and it is vital to make sure that the insurance company is in good financial shape. Independent rating agencies like A.M. Best make the job easier, and it is important for shoppers to be aware of the financial condition of any insurance company they are considering. This due diligence is the best way to ensure that permanent life insurance will be around when it is needed the most.