Prices for any given policy are based on your age and health. You can only use quotes to help you to narrow down your choices to the top companies.

You should buy life insurance that will be sufficient to provide for your family when you are no longer able to do so. With the right guidance, such as from an insurance broker you will be able to get the right amount of cover. You should base your decision on the reputation of the insurance company (how likely it will be to pay out when your beneficiaries claim) as well as how much you think your family members will need for living expenses and for settling debt or paying for school fees.

Consider applying with two companies at once

To see how much cover you can get you should consider applying for life insurance from two companies at the same time. Weigh the benefits of each company and use this to help make your decision.

Be careful of extra perks

These may be ways that the insurance company is trying to make more profits, because they either cover something that rarely happens or they are so stringent that the benefit never gets paid out.

Ask about payment options

If you don’t ask about your payment options, chances are that you will automatically pay premiums monthly. What insurance companies won’t tell you is that you will actually end up paying more this way. By electing to pay your premium annually instead of monthly you can save quite a bit of money.

Find life insurance to match your lifestyle

This is probably one of the most important factors to consider. You need to make sure that you get life insurance that will match your lifestyle so you are covered sufficiently financially.