Buying Whole Life Insurance
- Get at least two proposals from an independent life agent (ME! )
- Hold 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
- 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
All rights reserved. Copyright © Craig Casey 1999.
