When you get quotes from a number of life insurance companies, you simply compare prices and choose the lowest one, right? But there's much more to it than that.
But not all term life insurance policies are equal. A term life insurance quote may be misleading. Is the term life insurance policy a
o Level Term,
o Annually Renewable Term, or
o Convertible?
Soon enough you realize this is like comparing apples to oranges. So by selecting the lowest price alone, the coverage may be inappropriate for your situation.
Tip of the day
Figuring out the Unisured or Underinsured optional cover- Generally, your uninsured/underinsured motorist coverage should be equal to the amount of liability coverage you’re carrying; check with your insurance agent regarding rules applicable to your state.
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