The buyer will first want to estimate the amount of insurance he or she needs to cover his or her family in the event of death. It is a good idea to multiple the family's annual income by at least 6 If the interested person is over 40, they will only have to multiply their income by 4 to 6 times. If there is a mortgage involved or other expenses such as credit card debts or college tuitions, it is a good idea to add more money to the overall number.
Get Online Quotes
There are a number of websites that allow interested parties to take a look at policies online. The buyer will have to fill out a number of details onto a questionnaire. There will be health questions as well as questions about income and many other factors. It is a good idea to answer honestly or even be a little pessimistic in order to get a decent quote. Once the website has all of the information, the buyer will receive a number of life insurance quotes from several different companies.
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