Most of us know what life insurance is. You pay a monthly or yearly premium and in return the insurance company will pay your beneficiary a lump sum payment when you die. There are a number of different types of policies, and they cover a number of situations. Many of us will make the same mistakes when we purchase. This article is a look at some common mistakes and other issues to avoid.
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- Getting from your bank. Many banks have other insurance services above and beyond their usual lending and depositing services. When you seek to get a mortgage for your new home, or when you are refinancing, your bank will probably offer you some of these services. Because we are in need of financial assistance, we are more often more likely to buy these additional financial services at this time.
