Determining the right amount of coverage is crucial. Too little, and your loved ones may not be fully protected. Too much, and you could be overpaying. A good rule of thumb is to aim for coverage that’s 10x your annual income, but personal factors matter too.

Questions to Ask:

• What are my current financial obligations (mortgage, debts, children’s education)?

• How much income would my family need to maintain their lifestyle?

Protectio Tip:
Use Protectio’s online calculator to get a personalized estimate tailored to your needs and budget.

There are different types of life insurance policies—term, whole, and universal life insurance. Each has its own benefits and drawbacks, depending on your financial goals.

Questions to Ask:

• Do I need coverage for a specific time (term) or lifelong coverage (whole/universal)?

• How do premiums differ between term and wholelife insurance?

Protectio Insight:
Term life insurance is typically more affordable and great for temporary needs, while whole life provides lifelong coverage with a cash value component.

Your monthly premium is a key factor in choosing a policy. You’ll want to ensure it fits comfortably within your budget while still providing adequate coverage.

Questions to Ask:

• Are premiums fixed, or will they increase over time?

• Are there any hidden fees or additional costs?

Budgeting Tip:
Lock in a low rate early—buyinglife insurance when you’re younger and healthier often means lower premiums.

Life happens, and sometimes you might miss a payment. Understanding the consequences and flexibility of your policy is essential.

Questions to Ask:

• Is there a grace period for missed payments?

• Can I reinstate the policy if it lapses?

peace of mind Tip:
Look for policies with flexible options or automatic payment setups to avoid missed payments.

Some life insurance policies offer “living benefits,” which means you can access the policy’s value while you’re still alive, often in cases of critical illness or other emergencies.

Questions to Ask:

• Does this policy include living benefits, such as critical illness coverage?

• Can I borrow against the policy’s cash value?

Why It Matters:
Living benefits provide an extra layer of financial protection if you face unexpected challenges during your lifetime.

All policies have exclusions—situations where coverage may not apply. It’s crucial to know what these are before you commit.

Questions to Ask:

• Are there any exclusions, such as pre-existing conditions or specific risks?

• What happens if I need to make a claim within the first few years?

Protectio Caution:
Make sure you understand the fine print. A good insurer will be transparent about what’s covered and what’s not.

Life changes—whether it’s getting married, having children, or buying a home. Your insurance needs may evolve too, so flexibility is important.

Questions to Ask:

• Can I increase or decrease my coverage as my needs change?

• Are there any fees for adjusting my policy?

Flexible Future Tip:
Look for policies that allow adjustments without penalties to ensure your coverage grows with you.

Buying insurance is about more than just financial protection—it’s about securing peace of mind for you and your loved ones. Asking the right questions ensures you’re making a smart, informed choice that fits your unique needs. Remember, insurance is an act of self-care and love. Take the time to get it right.

Ready to find the perfect policy? Protectio offers flexible, affordablelife insurance that grows with you. Get a personalized quote today and start protecting what matters most.