When Buying Whole Life Insurance

• Get at least two proposals from an independent life agent
• Plan on holding your whole life policy for at least 15 years
• Get all projections and cash values in writing
• Compare the minimum guaranteed rates, if any
• Question any projections that are ultra cheap or too good to be true
• Find out if your rate class before you get your physical
• Pay your premiums on an annual basis
• Review your policy so that you're not under or over insured
• Keep your policy in a safe place known by your beneficiaries
• Avoid all tobacco because users will pay two or three times more
• Prior alcohol or substance abuse will make you a high risk, unless you are clean for awhile