Male   Female
  • How do I pick coverage before selecting an insurance policy?
  • February 11, 2014
  • what to consider when buying insurance By

    Individuals who are in the market for life insurance often wonder what level of financial protection they should secure for their families. However, even those who have existing policies may find that their life insurance needs change over time.

    Typically, industry experts will advise people to buy a life insurance policy worth as much as five to 10 years of their annual salary. Of course, one’s individual needs can vary considerably depending on whether college tuition and care for aged relatives are also in the mix.

    A recent report from advises consumers to increase their coverage if they get married, buy a new home or have a child. The financial news provider notes that people on the verge of retirement may also consider increasing their coverage to provide additional protection for their spouse.

    Kiplinger advises individuals to consider final expenses, mortgages and income replacement when determining one’s life insurance needs.

    Even those without a spouse or children may benefit from life insurance because of the flexible benefits it offers, for example, leaving behind charitable contributions.

  • Category: Life Insurance, More news, Term Life, Videos

Leave a Reply



Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates and, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  

Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.