Thinking about life insurance? Before you choose a policy, it’s important to make sure it’s the right fit for your needs.
Here are a few essential questions to ask:
What type of life insurance best fits my goals?
– Term or whole life? Each has unique benefits.
How much coverage do I need?
– Calculate based on your income, debts, and future goals.
Are there any riders that could enhance my coverage?
– Options like critical illness or disability riders can add valuable protection.
How will my premium change over time?
– Understand if your premium is fixed or if it could increase.
Are there any exclusions or limitations in the policy?
– Ensure you’re aware of any specific conditions or exclusions.
How long does the application and approval process take?
– Some policies require medical exams or underwriting that can affect the timeline.
These questions will help you get the best life insurance plan tailored to your current and future needs!
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