Some tips on how to buy good insurance

Buying life insurance can be very confusing but also a relief when you have completed the process. The feeling of relief is typical, do not you feel when you buy other products. Finally, you can do something that is responsible for your family! Buying life insurance comes from a sense of responsibility.Selfish people will not buy life insurance, which he would not enjoy its benefits. Someone could be many years diligently paying life insurance premiums, for the sake of a financial guarantee which will he pass on to his family. He will not be present to witness how the fruit of action enjoyed by the people he loves.
Because buying life insurance is one of the most important long-term financial commitment that you've done, you should be careful in buying. Be careful as consumers will avoid a lot of regret that might occur later. Here are some tips you need to do when buying life insurance.
When going to buy an insurance policy : 1. Ask what is guaranteed by the policies and what is not.This includes how much premium to be paid, what are the benefits received, how and when the benefit is received, any additional coverage that can be taken, whatever the risk of exclusion, etc..
2. Know the experience and qualifications of your insurance agent. Ask how long he has worked as an insurance agent and what their qualifications. More than 75% of insurance agents do not survive until year 2, when he had worked less than 2 years old, you must be prepared to see him go. Every agent must be licensed to sell insurance. The license ensures that the agent is subject to the code of professional conduct and control of products it sells. Insurance is a complex financial products, not everyone can understand it without a higher education.
3. Know the reputation of the insurance company that sells the product. If the company issuing the insurance products you want to buy not one name that is widely known (a large national or multinational company), ask your reputation.You must be extra careful when buying from an insurance company whose reputation has not been tested.
4. Compare products offered by similar products from competitors. Compare term insurance products much more easily than permanent insurance product. In term insurance, with the policy and the same sum assured, premiums can be compared with ease. Also, ask if there are guarantees automatic renewal or conversion to a permanent policy? How much premium are charged in 10, 20 or 30 years from now? Is there a premium refund guarantee? Compare products permanent insurance is more difficult because so many variations. You must understand the basic concepts and terms of insurance that can be used to analyze the plus-minus of each product.
5. Learn the policy illustration. Ask the assumptions used in making policy illustrations, such as: How many levels of interest rates or investment returns that are used? Is there a minimum guaranteed rate of return? Are premiums guaranteed to remain? If premiums can go up, what conditions cause it?
When you receive an insurance policy: 
6. When an insurance agent submit your insurance policy, check and read carefully. You can ask for time to study it at home before signing. Most insurance companies provide a period of "cool off" or "free look" where you can cancel the policy and get a refund of premium within 10 or 14 days after delivery of the policy. If any part of the policy that you do not understand ask your agent what he meant.Insurance policies written in a convoluted legal language and difficult to understand. If you're still not convinced by that means, ask your agent or insurance company provided a written answer. With a document, you will feel at ease because they have evidence if at any time get different treatment by the words in the policy.
7. Know the beginning and the end of the policy, amount and maturity date of the premium, the grace period (grace period), and the recovery policy (reinstatement period). If your policy is term insurance, learn whether there is a clause changes (conversion) where you can turn it into a permanent policy without evidence of additional insurabilitas. If there is, know how long it may be enforced and what the conditions.
8. When you purchase a life insurance policy, review the clause on debt policy. Find out how long the loan term and interest rates are charged.
9. Learn about changes in plan provisions. Many insurance policies that allows you to change to a plan (program) other insurance berpremi greater. You may need it if your insurance needs change or your insurance company issued a new product that better suits your needs. If your policy does not set clear about this, ask your agent / insurance company and ask for an explanation in writing.
10. Finally, review the provisions on the claims. Know who to contact if there is a claim, what are the requirements that must be completed, how long the insurance company to process your claim.