By
eHow Personal Finance Editor
Difficulty: Moderately Easy
Things You’ll Need:
- Online Mortgage/finance Services
- Phone Books
Step1
Decide how much coverage you want.
Step2
Look up insurance agents in the local phone directory. Call around to a number of insurance agents who offer life insurance.
Step3
Ask about the monthly or annual premium for term insurance, which is strictly renewable coverage on your life without any frills, and is considered the best value for covering a mortgage credit.
Step4
Ask if this rate is fixed for any length of time, or if it will rise as you get older.
Step5
Ask if the coverage amount will remain the same over time.
Step6
Ask if you can cancel your insurance at any time.
Step7
Apply for the policy that best fits your needs.
Comments
Anonymous said
on 11/22/2005 Do not just protect the banker; pay the extra dollar on a life policy to increase the limits beyond that of the debt so your family will have more to fall back on than welfare.