We commend you on taking the time to learn about protecting your family with life insurance.
Most people consider it a non-necessity because they believe that nothing will ever happen to them or they might also believe that it is a waste of money. It's always, always better to have a life policy than not to have one. Also, you will not a need life coverage forever. Just to protect your dependents until they are no longer dependent upon your income. By that time there will be no need to insure your life or insure your income.
Here are the factors to help you:
Company Credit Rating of the Insurance Company
Look at how solid the Life company is. This is ABSOLUTELY important in the fact that a company with a bad credit rating renders your life policy absolutely useless and you will be throwing your hard earned money away each month without even knowing it. You must research yourself if the insurance company is a well known, established company with solid financials or is it a relative newcomer in the industry?
Why Credit Rating is important:
You would NOT want to get a really great life quote and pay life insurance premiums for years to find out that your insurance company went under OR will never be able to payout the benefits in case God forbid something happens to you.
Price of your Life Quote
The price of life insurance quotes available to you will vary depending on many factors or "risks" surrounding your life.
Your health (smoker /non-smoker), weight vs height, hobbies and habits all play a role in the price of your life insurance premium.
