Which policy features should I compare?
Review the benefit amount, length of coverage, premium schedule, exclusions and any renewal or conversion rights. If the policy has cash value, ask which values are guaranteed, what fees apply and how loans affect the benefit.
What information is needed later in the application process?
An insurer may request identity, age, health, lifestyle and beneficiary information and may require underwriting or an exam. Requirements vary by product. Do not include medical history, identification numbers or financial account details in the first website message.
How do term and permanent life insurance differ?
Term insurance generally provides coverage for a stated period. Permanent coverage is designed to last longer under its terms and may build cash value. Premiums, guarantees and conditions differ, so review the policy illustration and contract.
How much life insurance should I consider?
Consider the people who depend on your income, debts, future expenses and existing resources, as well as how long support may be needed. An agent can help you compare benefit amounts; no single amount fits every household.
Can a life insurance policy lapse?
Yes. Depending on the policy, coverage can end if required premiums are not paid or other conditions are not met. For cash-value policies, ask how charges, loans and changes in premiums could affect how long coverage remains in force.