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.