• You can save several hundred dollars if you purchase from a low priced, but licensed insurer.
• Compare prices of the insurance departments in your state and get the lowest priced, but most practical company.
• Negotiate with just the broker. Negotiate a selling price with a broker who works for you and not as a mediator to the seller; doing otherwise may cause a conflict of interest for you.
• Buy term %%%life insurance%%% if you want just insurance protection, and not a savings and investment policy.
• Be sure that you plan on holding on to your whole life policy for several years if you plan on going this route, because cancelling can double your costs.
• Check the public library for information on %%%life insurance%%% in your state.

To Your Money Pile,

Andrea LaGrow

Andrea@TheMoneyPile.com

Twitter.com/TheMoneyPile

 

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