When it comes to life insurance, there are many different options available, which can make it a complicated task to choose. Here, we have highlighted some life insurance pitfalls to help you make an informed decision.Read this article to learn more about the whole life insurance rates comparison.

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Don't take everything at face value

When you have your appointment with your life insurance broker, make sure that you don't take everything they explain to you at face value. They like to work with drawings and graphs to explain what they think you need in terms of cover, the costs, and the value of each policy. 

Often the numbers you see on these illustrations are projections rather than guarantees. The reality could be quite different from these projections. 

Don't just look at the price

Whether taking our term life or whole life insurance, you should first consider the features of the policies and make sure you understand exactly what your life insurance will give you. If you are looking at term life insurance, compare the cost of the premiums and the death benefits, as well as how well the insurer compares to others in the industry – in other words, compare apples with apples, and get the most insurance for your money. 

Don't under-insure

When people decide to take out life insurance, they often underestimate the amount of coverage that is required to protect their loved ones. The amount of money your family needs and how long they will need it for are determining factors when it comes to choosing the cover that's right for your family.