Tips for Buying Term Life Insurance

We are usually sold insurance products that cost too high - a surefire formula for failure when it's time to pay the premium. Basically, this sets the stage for a lapse in coverage. According to a report, 25% of people who purchase life insurance abandon their policies within the first three years. By the tenth year, half quit paying altogether. That is why it's important to look for a policy that is cheap and convenient while remaining high-value. view more here  rbc term life insurance
The good news is, you don't have to pay a fortune in to protect your future. Term life insurance is an insurance product that is straightforward and virtually costs zero. For around $50 monthly, middle-aged men can get a $500,000 level term policy that covers him for 20 years. For women, coverage is even less expensive because they are typically more mindful of their health. So for a stay-at-home wife, a 15 to 20-year level term policy will be just right, depending on how old her children are.  
When shopping for term life insurance, there are a few considerations you have to make. First off, shopping online is a a good idea. You will be able to compare different quotes from different providers. If you prefer to do it offline, you can ask for help from relatives, friends or coworkers who may have purchased a policy. You can also buy a money magazine where there will be tons of ads of different companies that provide this insurance product. 
However, note that there are certain medical conditions that will make coverage more expensive or unavailable. People who have such conditions are known as "rated" in the industry, which simply means that they will have to pay more for the same coverage that their non-rated counterparts will.  see more here  Online insurance quotes
Very crucial when shopping for term life insurance is how much you need. The rule of thumb is to go for 10x your current income. Also remember that the only time you should buy life insurance where you work is when you health issues. Otherwise, go through medical underwriting and get a policy on your own. A lot of us don't remain in one place forever, and you may not be able to take that insurance along. 
Finally, if you're a stay-at-home spouse caring for kids, you need insurance as well. You obviously have an insurable need because you'll have to pay somebody to care for the children in case your partner or spouse passes on. read more here