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Buying Life Insurance
A life insurance policy protects your family,
preserves your wealth, and provides
peace
of mind. Once you've decided that now
is
the time to buy, how do you actually
get
one?
There are four main ways to buy life
insurance:
- Employer Plans - many companies have negotiated a group
life insurance plan that offers a limited
number of choices but is either paid by the
company or can be paid for automatically
through payroll deduction.
- Company Representatives - if you wish to select the company that
you buy the insurance from, you can usually
buy the plan directly from the insurance
company.'s representative. This allows you
, for example, to use the same company for
life and auto and allows you more flexibility
in picking the plan's options, such as the
face value of the policy.
- Independent Insurance Agents - if price is important, an independent
agent can help you pick the lowest cost policy
with the features you want by drawing from
a portfolio of companies.
- Through the Internet - to get the widest selection and to find
the best value, consider buying online. Not
only can you compare company's offerings
on your own terms, but many companies will
let you get quotes and apply.
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