Tips For Choosing The Right Life Insurance

Here are some tips if you've decided to take the plunge.

• Know how much insurance you need and why you need the protection. Use an online tool like the one at rbcinsurance.com to help calculate your family's income, debts and expenses.

• Choose life insurance that fits your needs. Term life insurance provides protection for a specific period, typically 10-30 years. Cash value life insurance, which includes whole life, universal life and variable universal life, has a savings element that can be used for loans, retirement income or education expenses.

• Understand your policy. Make a list of questions to ask your agent or the insurance company. The policy is a legal contract; know its terms before you sign it.

• Research the insurance company to make sure it's stable and reputable.

• Be honest when answering questions about your medical or family history. This will minimize the risk of a claim being delayed or denied.

For more information, please visit www.rbcinsurance.com. Having a child and getting married are good times to update your insurance.

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