Before you choose a term life insurance or permanent life insurance policy, get a sense of your own insurance needs and how the process will work for each company. Some things to consider include:

• Your own lifestyle and health factors: Different people might be a better fit for companies and policies depending on their age, health, lifestyle, and hobbies. For example, if you smoke the occasional cigar, some companies might consider you a smoker and charge you a higher rate, while others might just give you a non-smoker rate. This is where an agent can come in handy. They’ll walk you through your options and help you find the best carrier for your needs.
• Products and features: It’s a good idea to get up to speed on the life insurance options that work within your budget first. Are you looking for term life or permanent insurance? Want a rider for a special situation? What kind of rates can you afford and what amount of coverage are you looking for? Consider the variety of features you’ll need and compare them with companies’ offerings and coverage limits. That’s the value of working with a company like eFinancial – our access to multiple carriers and policies makes comparison shopping simple.
• How they work: The application process often varies between different insurance providers. For example, you may need to do some steps in person, over the phone, or online. Depending on the company and policy, your approval decision could take anywhere from a couple days up to eight weeks. Consider your own situation and choose what’s most convenient and comfortable for you.