How can I choose the policy that's right for me?

Life insurance is a long-term commitment. Before buying any policy, ask yourself these very important questions:

• How much insurance do I need? If I were to die, what would my spouse and dependents need in order to live comfortably?
• In addition to protection, what am I trying to accomplish with life insurance? Am I accumulating funds for education costs? Providing a way to pay estate taxes? Do I need some additional supplemental income for my retirement or emergencies? Remember that Term Life pays a death benefit only, while Whole, Universal and Variable policies can supplement your income through withdrawals or loans against a policy's cash value.
• How much can I afford to pay for a policy?
• Is the insurance company I'm considering financially secure? Do they have a good claims payment history, good customer service and competitive prices? Independent companies such as Standard and Poor's, A.M. Best, Moody's, Fitch and Weiss rate insurance companies and their publications can be found in your local library.

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