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Make sure you feel confident in the insurance agent and company. Decide how much you need, for how long, and what you can afford to pay. Learn what kinds of policies will provide what you need and pick the one that is best for you. Do not sign an application until you review it carefully to be sure the answers are complete and accurate. Do not buy

The good news is that many policies will give you the option to renew your policy when you reach the end of the term. The bad news is that you'll probably face much higher costs since age is one of key factors used to determine life insurance premiums.

Most insurance companies require that the beneficiary have an insurable interest in the life of the insured at the time of application. In other words, the named beneficiary would suffer a financial loss should death of the insured occur. An insurable interest is presumed for close family members such as spouse, children, parent, grandchild, siblin

Term Cover Life Insurance gives you simple, flexible cover that can pay out quickly when it's needed. It could pay out a lump sum if you die. Or be paid out in advance if you become terminally ill providing for your loved ones when you can't.

Whole life insurance is designed to provide coverage on the insured for the insureds entire life as long as premiums are paid and the policy has not been surrendered. On the other hand, term life insurance provides coverage only for a fixed period that is stated in the policy.

The primary advantages of Whole Life Insurance Plans are Protections for Life this policy does not expire, Premium guaranteed to stay the same each and every year, Cash Value can be used to any financial purposes, Guaranteed Death benefit The amount your loved ones receive is guaranteed.