What You Should Know About Life Insurance. An ACLI guide to help you choose the right life insurance products to meet your needs.
Tips on Buying Life Insurance (PDF). Choosing a life insurance product is an important decision. As with any major purchase, it is important to understand your family's needs and the options available. Use this list of buying tips to help you choose.
State Insurance Department Directory. The State Insurance Department Directory, with contact information for 50 states, the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands. Includes names and phone numbers for key personnel and specific subject contacts.
You've made the decision to buy life insurance and you've learned about the types of policies available. Now it's time to look into companies, and either interview agents or investigate buying directly from an insurance company. Other decisions also will have to be made.
Researching a Company
Choosing an Agent
Choosing a Beneficiary
What to do With a Lapsed Life Insurance Policy
Replacing a Current Policy
Do some research about the company with which you may do business:
If you contact a rating service:
Collect the names of several agents through recommendations from friends, family, business colleagues and other sources. Then:
Choosing a beneficiary, and keeping that choice up-to-date, are important parts of purchasing a life insurance policy. The birth of a child or a divorce can affect your initial choice of who will receive the death benefit when you die. Review your beneficiary designation as new situations arise to make sure your choice is still appropriate.
If you have a lapsed life insurance policy, don't throw it away. It may be worth more than you think.
Before you replace your current life insurance policy with a new one, consider that:
Announcing a New Industry Impact Investing Initiative
PROTECTING
EVERY FUTURE
COVID-19
UPDATES
RETIREMENT
SECURITY
BEST
INTEREST
LIFE INSURERS
FACT BOOK
MISSING
POLICY TIPS
Economic
Empowerment