Rochester Life Insurance - Choose Wisely

1. Term and Permanent Life Insurance. Life insurance can be broken up into term life insurance policies and permanent or whole life policies. Term life insurance policies were designed to protect for a specific time frame. At the end of that time frame the policy would expire. Whole life policies will cover you as long as you keep paying your premiums. 2. There are a numerous ways you can purchase life insurance. Most insurance policies are sold by independent insurance agents who represent various insurance companies. When dealing with an agent make sure they are selling you what you actually need, not what will make them the most commission. 3. Permanent or whole life insurance is expensive. Life insurance policies that are permanent in nature and contain an investment component cost significantly more than term life insurance. As a result of the higher cost, many consumers who end up purchasing whole life can't afford the proper amount of coverage ultimately leaving them underinsured. Before you begin shopping for Rochester life insurance make sure you have an understanding of how much you need. 4. Permanent or whole life returns are just projections. When evaluating a whole life policy make sure you understand that the investment returns quoted are simply guesses - they are not guaranteed. 5. Separate your investments from your life insurance. There are much better places to invest your hard-earned money other than life insurance. A lot of times I find that the permanent life insurance policies actually benefit the agent selling the policy more than the client. 6. Make sure you purchase enough term life insurance coverage. Life insurance in Rochester MI is relatively cheap especially if you purchase it while you are young and healthy. This is one purchase you don't want to skimp on. 7. Consider how long you wish to be covered. Term insurance policies are generally sold for a period of anywhere from 10 - 30 years. If your need is short term you may want to consider a 10 year term policy. If you are thinking more long term the 30 year term policy may be a better fit. 8. The optimal time to purchase a life insurance policy is while you are still healthy. The healthier you are the cheaper the rate. Many consumers miss out on affordable Rochester life insurance because they wait too long to purchase it. Too many people wait until they have received bad news about their health before they consider purchasing a policy. 9. Be honest with the life insurance company. Before an insurance company pays out a large death claim they will conduct an investigation. Make sure that you are honest when filling out your application so you don't give the insurance companies any reason to deny a claim. 10. Purchase life insurance online or through an independent insurance agent. Thanks to technology it has never been easier to compare life insurance rates from multiple companies. In a matter of minutes you can see the rates from multiple top-rated companies eager to earn your business. Stop procrastinating and take this off of your to-do list today! Protect your family today with a Rochester life insurance policy.

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