What factors should I consider when choosing a life insurance policy?

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  Theodore Alan

  Keymaster

  December 14, 2025 at 3:02 am

  When I chose my life insurance policy, I focused on a few key factors that really mattered in real life, not just on paper. First was term vs. whole life—I went with term insurance because it was affordable and covered my family during the years they depend on my income the most. I also made sure the coverage amount was enough to pay off the mortgage, debts, and provide financial support for my kids. The insurance company’s reputation was important too; I checked reviews and financial strength ratings so my family wouldn’t face delays during a claim. Lastly, I paid close attention to policy exclusions and flexibility, especially the option to convert to permanent coverage later. That combination gave me peace of mind without overpaying.