1. The cost of your life insurance policy and the amount of the death benefit, and whether they are guaranteed to stay the same for the full term (duration) of the policy.
2. Whether or not the life insurance policy is convertible to permanent life insurance without evidence of insurability for an extended period of time, and
3. Whether or not the life insurance company is reputable and has a high financial strength rating.
In addition, some Term life insurance policies offer riders (additional coverage) that might help you achieve your life insurance goals.
These life insurance riders may include Child Rider, Accidental Death Rider, Waiver of Disability Rider, Disability Income Rider, and Return of Premium, among others.