10 Essential Tips for First-Time Life Insurance Buyers
ASSESS YOUR CURRENT FINANCIAL SITUATION
Before you begin the process of getting life insurance, assess your current financial situation. Determine how much coverage you need and how much you can afford to pay in premiums
KNOW HOW MUCH COVERAGE YOU NEED
The amount of life insurance coverage you need depends on various factors, such as your income, debts, and dependents. A general rule of thumb is to have coverage that’s at least ten times your annual income.
CHOOSE A LIFE INSURANCE POLICY TYPE
Term life insurance provides coverage for a specific period, while permanent life insurance provides coverage for your entire life.
UNDERSTAND WHAT AFFECTS YOUR LIFE INSURANCE RATE
Your life insurance rate is affected by several factors, including your age, health, lifestyle, and occupation.
COMPARE LIFE INSURANCE COMPANIES FOR THE BEST RATE
Compare rates and policies from multiple life insurance companies to get the best deal.
At Action Insurance Group, we have got a team of experienced agents who can create a customized life insurance policy for all your needs.