Whole Life Insurance Buying Tips

Here are some general tips for helping you get the best insurance options and quote that you can.

• Be Completely Honest With Your Agent or on Your Quote Request
  
  Lying will only give you a false hope or expectation of lower rates than you will really get once you get your policy, by lowering your quote.

• Be Completely Honest on Your Application
  
  When the time comes to fill out your full and detailed application, be as completely and totally honest as possible. Lying may get you a better rate, but before paying out benefits, insurance companies often do an audit and investigation, which may lead to a denial of payment if it is discovered that you lied at any time during the application process.

• The Lowest Quote isn't Always the Best
  
  Don't automatically settle for the lowest insurance quote you can find, it may not provide adequate coverage for you or meet your family's needs.

Whole Life Insurance Maintenance Tips

• Know Your Policy Regarding the Cash Account and be prepared to use it (and pay it back) should the need ever arise.

• Stay on Top of Your Payments
  
  Being delinquent too often or at the wrong time could lead to a termination of your policy on behalf of the insurance company or worse, an excuse to not pay out the policy at the appointed time.

• Check for a Terminal Illness Benefit
  
  Terminal Illness Benefits will pay out the sum of your life insurance if you are diagnosed by a medical professional with a terminal illness and have less than 12 months to live.