No one likes paying more than they have to for anything, especially life insurance. Unless you live dangerously, you probably won’t need your life insurance for decades to come. That’s why it’s essential that you compare life insurance policies and find the best option for your needs.

Start by choosing the type of life insurance you want to purchase. This will have a big impact on how much you pay. You’ll also want to decide the amount you need. In general, this should cover the main income earner’s wages for 10+ years, as well as pay off any debts, mortgages, etc. immediately. In fact, mortgage insurance may be a good option if you currently pay one. This way, if you die, the mortgage is automatically paid for, leaving your family in a better position.

Once you have a good idea of what you want, start checking out life insurance companies to find the best price. Since you have list of what you need in life insurance, it should be simple to find the price for the exact same coverage with several different companies.

It’s important to compare the same coverage so you can accurately decide which package is the best choice. There’s no point in comparing apples and oranges. You should plan to get quotes from at least 4-5 different companies so you have a clear idea of what to expect.