5 Questions To Ask When Shopping for Life Insurance

Life insurance is an important step in preparing to care for your family in the event that you pass away unexpectedly, but it's completely normal to have questions. In fact, it's encouraged. 

Approximately 86% of surveyed individuals reported that they believe most people require some amount of life insurance, but they may not know what questions to ask a life insurance company. Here are a few important questions to get you started. 

Why should I buy life insurance? 

The short answer is to provide for your family after you pass away, but if your employer already provides life insurance it may still seem odd to purchase more. The biggest reason in that case to purchase more life insurance is that your policy might not transfer between jobs, which isn't good. A personal policy ensures that you're covered no matter what. 

Will I be covered with disabilities? 

Most insurance policies have a number of optional benefits, or riders, that can be added to a plan. One of these is usually a disability rider, which makes sure that you will still be covered in the event that you become disabled due to an accident or an illness. 

Do I need a medical exam? 

Whether or not you need a medical exam really depends on the insurance policy your purchase. Some life insurance companies will require a medical exam before you can get coverage while others might not require an exam at all. It's important that you always ask your life insurance company about this. 

How much life insurance do I need? 

The amount of life insurance varies on an individual basis. You should pick a policy depending on your personal needs and the needs of your family. But if you're concerned about numbers, you should take your potential medical bills, children's education, retirement, and a multitude of other factors into account to help you decide just how much insurance you'll need. 

Life insurance is incredibly important, especially if you're concerned about your family's well-being. It's the best way to ensure that they'll be well-provided for after you pass away.
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