In Making Your Life Insurance Buying Choice
- Decide how much insurance protection you need and can afford.
Make informed decisions when you buy a policy. Choose the kind of policy that has benefits that most closely fit your needs
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Ask an agent or company to help you. The service and reputation of the company and the agent you select is important
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Review the application carefully with the agent; be sure all the answers are complete and accurate before you sign
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Don't buy life insurance unless you intend to stick with your plan. Your decision to protect your family may involve the purchase of a new policy or the replacement of existing coverage
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Although replacement can be beneficial, it may be very costly in the early years of a new policy if you cancel an existing policy. Don't drop one policy and buy another without a thorough evaluation of both the new policy and the one you have now
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Read your policy carefully! Delaware law requires a company to provide a “free look period” that begins at the delivery of the policy. The agent should explain anything not clear to you
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