You know that you want to protect your family if something were to happen to you. You start looking around online for some decent life insurance quotes. There are some really nice deals out there. In fact, you like the price of the one you found being offered by a very large national company in California. But you live in New Hampshire.
Well, it doesn’t matter, does it? Life insurance is life insurance —- same difference. Why not get the really inexpensive plan that you found? There are several reasons for not buying that really cheap plan that you found. The biggest reason is that you have no idea if it is designed to do what you want it to do. Most people do not read their insurance policies and many buy the least expensive one that they can find. Then they find out later it did not cover what they think it did. They were paying out good money for zero coverage and their beneficiaries are left holding the bag later.
You would not go cheap on house insurance to protect where you live. Why would you go cheap to protect your life? What you buy has a direct impact on the later events of your family’s life. Life insurance is to protect what you love the most. Buy what you need to accomplish that. It’s what really counts.