Life Insurance-6 Good things to know

When it comes to life insurance, it pays to shop around because premiums can vary widely. And thanks to a broker, it's now easier than ever. Advisen Life & Wealth, has access to hundreds of different Life Insurance companies to find you the best policy and price.

The key to purchasing the right amount of life insurance is to have enough to meet your needs. It's important not to have too little coverage as it would be difficult to purchase if you get sick.

The healthier you are, the better the life insurance rates

Healthy people get better rates on life insurance. You will be asked to pay a higher rate if you smoke, take medications regularly, are overweight or have a bad driving record.

If you've been putting off purchasing life insurance because you don't want to pay the premiums, you may be doing yourself a disservice in the long run. If you are in good health, buy it now.

You'll want to make sure that a major life event such as the birth of a child, marriage, divorce or perhaps that the children are grown won't leave you underinsured or over insured.

You will be paying more for your life insurance if you pay your premium in monthly installments.

Don't rely solely on the life insurance offered by your employer

Many employers offer their employees some sort of group life insurance. But this amount of coverage is usually not enough and group life insurance policies are not portable, meaning that if you leave your job, you can't take your life insurance coverage with you.