If you're set on buying term insurance then there's a few important considerations before selecting and applying for your plan.
Tips for Buying Term Insurance:
- How much coverage do you need?
- What is your annual budget for life insurance?
- How many years do you need your term insurance to last?
- Do you want to take a health exam, or not?
Also, you'll want to comparison shop for the best pricing available from several of the top-rated term life insurance carriers. That way, you can easily find the most affordable plan available form the best insurance carrier.
Also, review the financial strength rating of the insurance company. The higher the rating, the more financially secure the insurer.
Here's a checklist for buying term life insurance coverage.