How do I get the best deal on life insurance to cover my insurance needs?
Since your age is a key variable in determining the price you will have to pay, you should purchase life insurance as soon as possible once you determine that you need it.
Selecting term life insurance will enable you to get more for your premium dollars. Also consider any optional group life insurance available through your employer as this usually offers the benefit of buying at a lower cost since it is associated with a group, not just one individual.
If you need additional coverage, then you should obtain and consider a number of quotes. These can be obtained from agents of insurance companies that you select. A full service independent agency such as Hoffman and Associates insurance in Melbourne Florida can provide you with all the necessary information.
You should decide how long the coverage will be needed and then check prices for that length of time. If the amount of coverage needed will decline over time, as when it is intended to provide income for young children or money to pay off a mortgage or other obligations, then consider reducing your premium by purchasing a declining term insurance policy.
NOTE: The answers to coverage questions are primarily based on ISO forms generally used in Florida by most companies. However, please keep in mind that all companies forms are NOT necessarily the same. Some companies may provide broader coverage and some may be more restrictive. IN ALL CASES, THE CONSUMER MUST REFER TO HIS OR HER OWN POLICY FOR SPECIFIC COVERAGE INFORMATION.