There is an interesting perk to buying life insurance in Washington State. If you buy life insurance in the state of Washington, you have ten days to look over the policy. After reading all the small print, if you decide you don't want the coverage, you can cancel it for free within ten days. This is a great perk to take advantage of, but before you buy life insurance, you'll want to look around to find the best price.
If you are already what most people would call "mature," you might want to buy a "final expense" policy instead of a "life" policy. The final expense insurance policy covers enough to pay for the funeral and any legal costs related to the death. This is a good choice for people who won't need to take care of anyone after they die. With their service, the flowers and taxes are taken care of, so a friend or relative doesn't have to worry about those things.
A joint life insurance policy is often the most affordable option for married people. When domestic partners buy a policy together, many life insurance companies offer a discount. This is especially important if there are children, since the loss of either parent can put a big strain on the family's finances.
The accidental death benefits on many life insurance policies come with a fee. This simply means that if you die in an accident, the amount of your benefit would go up a lot. Ask about getting rid of this coverage. It will probably make your rates go down.
It's clear that doing a few simple things can help you save money on your life insurance premiums. By using one or even two of them, you might be able to keep a little more of your hard-earned money while still getting the life insurance you and your family need.
