| By Joe Stewart
If you are in need of a free life insurance
quote then you are in luck because most companies
offer free quotes for consumers. I recommend
that you get more than one quote though and
here's why. All life insurance policies are
not the same and you need to be aware of this
before you end up buying a policy that your
loved ones will have to deal with once you're
gone. If I were starting over I'd get at least
3-6 free life insurance quotes before I started
going through them and reviewing them.
The two most basic types of coverage available
are Whole Life insurance and Term Life insurance.
These have differences to, not in the amount
of coverage that you can buy, but in how much
your premium payments will be. Let's take a
look.
Term Life is known as "pure" insurance.
This is because 100% of what you pay goes toward
your life insurance coverage. There are several
different types of Term Life available. Some
of these are Non-Renewable/Non-Convertable,
Renewable, Convertable, Re-entry, Deposit, Level,
Increasing and Decreasing. Don't be too concerned
about all of these. You'll want to talk to your
agent and let them know what your needs in life
are, after which, they will explain what is
available to meet your needs and make recommendations
for you. Don't be afraid to ask questions!
Whole Life is more expensive than Term and
isn't as popular as it once was. This type of
insurance also has a savings fund that you pay
into with part of your premium payments. Part
goes toward insurance and part into savings.
What this does is builds you a fund with "cash
value" that can be borrowed against later
in life. Some people will use it for retirement
needs or college tuition for the kids. All loans
must be repaid however, just like any other
loan. The thing that makes Whole life less popular
than it used to be is the fact that it is more
expensive and also that there are better ways
to invest your money where you can draw higher
interest than being in an insurance account.
Go over these things with your agent, don't
be afraid to ask questions and make sure you
get several free quotes to get started with.
Joe Stewart Is A Webmaster And Former Life
And Health Insurance Agent. He's Made Understanding
Life Insurance Easy For Others. You Can Get
Free Life Insurance Quotes At His Website TheLifeInsuranceGuys.com
or by clicking on Free Life Insurance Quote
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