Be wary of the insurance broker that recommends an insurance policy after meeting with

Be wary of the insurance broker that recommends an insurance policy after meeting with you for the first time. If a broker does this, it means they are not really analyzing your situation thoroughly. If a recommendation for a product is given in the first meeting, think twice about purchasing this product and of doing business with this agent.

Check with your employer before purchasing life insurance from another source. Often various types of life insurance may be available through employee benefit packages. These policies are frequently less expensive because the employer is able to obtain a group rate for employees purchasing life insurance through this channel. These policies frequently can be expanded to include family members as well.

Only buy a life insurance policy from a company that is established and reputable. Insurance companies differ in serious and fundamental ways, so take your time to make a careful choice. Research insurance companies, especially the established ones, they generally are financially sound and offer quality investments.

Life insurance can actually be used to supplement your retirement! You can do this if you get a life insurance policy that offers return of premiums. You will be paying premiums for a certain number of years, and if you are still alive when your policy expires, you will get everything you paid back. Voila -- now you can afford a retirement vacation in the Bahamas!