1. Don't wait until you really need the coverage! By that time you'll be that much older, you may be sick or you will have encountered a health issue that will cause your premiums to be much higher than you expected. That is of course if you can even qualify for the life insurance coverage. The point being, if you know you need life insurance coverage – DON’T DELAY.
2. The highest financial rating doesn't necessarily mean better coverage. The important thing is to at least be looking at an "A" rated company. There is little, if any difference between one company's term policy and another, so basing a decision only on financial ratings won't always get you best rates on your life insurance policy. The highest rated life insurers tend to be more conservative in their underwriting, so you may or may not be able to qualify for their best rates.
3. Shop and compare life insurance price quotes online before you meet with an agent. Many online life insurance brokerage companies can save you up to 73% on your premiums. The reason is because they offer you quotes from many different companies seeking only to get you the best rate available.
Learn more tips on buying a life insurance policy.