What are some important questions to ask about a term life policy before buying coverage?
When it comes to term life insurance there are several key quesitons to consider before choosing your plan, including the following:
- How long will my coverage last?
- Can I extend coverage after the original term ends?
- Can I convert my coverage to permanent insurance?
- How long is my rate guaranteed to last?
- Will my coverage ever decline, or will it stay level?
- What happens when my term life insurance ends?
- Will I get any money back if I outlive my term for coverage?
- What is the financial strength rating of the insurance carrier?
Here's how you can review a list of top term life insurance carriers and request a free comparison of price quotes from top insurers.