Life Insurance is a financial resource for your loved ones in the event of your death. Insurance carriers offer Life Insurance in various forms and different volumes depending on your needs. Your premium payments will depend on many factors including your age, sex, medical history and what type of policy you are applying for.

The amount of Life Insurance that you will need will depend on your personal, financial circumstances and your family's needs. The ability for you to earn an income is your family's greatest asset. When that asset ceases to exist, your family’s current and financial future is at risk.

To help you determine how much Life Insurance you will need, try one of the following calculators:

How much Life Insurance do I need?
How much is my life worth?

You should review your Life Insurance needs at least on an annual basis. Of course, if you get married, divorced, have a baby, retire, receive an inheritance etc, the need to review your Life Insurance protection could be more frequent. The best rule of thumb is an annual review, unless there has been some sort of life event change with you and your family.

There are many things to consider when purchasing an insurance policy. Here's a quick checklist:

	Comparison shop. Contact several companies and/or agents to compare benefits, coverage, exclusions, and premiums.
	Be sure the insurance company you are considering is financially stable.
	Do not make any quick decisions. Request a copy of the policy and compare it with policies from different insurance companies.
	Be sure your application is complete and accurate, including all of your medical history, if applicable.
	Do not pay in cash.
	Your broker or the insurance carrier should explain any terms that are not clear.