How to choose the right life or health-insurance
One of the roles of insurance protection is to give you peace of mind. However, comprehensive protection covering all your needs can be expensive, so it is important to respect certain rules for you to get the optimal insurance protection.
Set your protection priorities.
It's important to determine your protection priorities. What's most important to you? Insuring income in the event of disability? Ensure continuity of income for your family in the event of your death? answering those kinds of questions will help you choose the best protection.
Golden Rule
A life insurance policy is a long-term commitment, so it is very important that the insurance premium doesn't burden your budget.
Determine a reasonable budget.
A life insurance policy is a long-term commitment, so it is very important that the insurance premium doesn't burden your budget. If it does, you may be forced to drop your protection at the first sign of financial difficulties, losing all the years for which you have contributed.
This personal piece of advice is based on my experience as security financial advisor as I sadly met many people who took life-protection that burden their budget so much that they ended up bitterly canceling them.