Something to consider before shopping for Life insurance.....
1. If someone is dependent on you financially, then you need life insurance.
2. This insurance will help compensate for the inevitable financial losses that follows after a loss of life.
3. This insurance is a risk compensation method and should not be considered as an investment.
4. Shop around and buy from a reputable and trustable company.
5. Premiums can increase over time by age or can be negotiated for a fixed rate that never increases.
6. The coverage options from employer sponsored plans are best that gurantee coverage even with existing pre medical conditions.
7. Name beneficiary and appoint a death planner.
8. Decide how long you need the coverage for.
9. Sign-up for only what you can afford longer term.
10. Thoroughly understand the renewal policy.
Some of the top companies are listed below
3. State Farm
6. Banner Life
7. Brighthouse
8. Protective
9. John Hancook
10. AIG