Buying life insurance is an important thing as financial security for our families. Based on my experience when buying life insurance, i have some important tips before we consider to buy life insurance.
1. Compare the premium rates - we need to make comparisons in terms of premium rates and insurance benefit offered by more than one insurance company.
2. Understanding the scope of protection offered, terms and conditions of insurance policies - we need to understand all the provisions contained in the policy. Get clarification from insurance company if necessary.
3. Avoid any protection that is not needed. Do not feel pressure to buy products in packages that may contain permanent protection that we do not need.
4. Ensure that the proposed life insurance appropriate for us. Check the proposed policy carefully to ensure they meet out personal needs.
5. Be sure to check our policy effective date. Always be sure exactly when insurance coverage is in force.
6. Fill out the form carefully. Make sure all information in the proposal form is complete and correct.
7. Ensure that we pay premiums to insurance companies. Make sure that we make payments to insurance companies, not to insurance agents.
8. Reading the policy as soon as we receive it. Use this opportunity to ensure that we receive in accordance with policy requirements we need.
