Things You'll Need:
- Financial Calculator
- Internet Access
- Computers
- Life Insurance
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Step 1
Roughly estimate the amount of insurance you need by multiplying your gross annual income by 6, 7, or 8 (if under 40), or 4, 5, or 6 (if over 40). If you have a mortgage to pay off, consider adding that amount to whatever result you have.
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Step 2
Go to insure.com, or any one of several other Web sites that feature life insurance quotes.
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Step 3
Fill out the questionnaires as honestly as possible; if in doubt about any health question, be a little pessimistic - at least for a quote.
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Step 4
Choose a quality company with a plan that appeals to you and that is affordable.
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Step 5
Follow the individual company's instructions for submitting a formal application.
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Step 6
If a medical or paramedical exam is necessary, schedule the exam time in the morning, if possible, for best results.
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Step 7
After successful underwriting, check your policy carefully for errors or inaccuracies.
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Step 8
Sign the delivery documents and return them to the insurance company along with your first premium check to put the coverage in force.
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Step 9
Keep your insurance policy in a safe place, treating it like any other legal document.
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Step 10
Make sure your beneficiary knows the policy's location and/or provide that person with a full copy of the policy.









Comments
markcrosenthal said
on 1/8/2008 I recommend having a license and trained life Insurane agent to come out with you and review all of your options. You want to make sure that you don't buy too much and you but enough to cover your bills. I also want to have a person to talk with all my questions and that will help me when I need them. You should want the same thing.