Question 1

Aren’t all term policies the same? How do I choose?

lcli · Accepted Answer

No, there can be differences. When evaluating policies, keep these things in mind:

Your carrier should be a reputable insurance company with solid financial ratings from at least two independent ratings services like A.M. Best, Moody’s, Weiss, or Standard & Poor’s.
It should score at least 80 from Comdex, a composite ranking of the major insurance ratings services.
The policy should have a guaranteed level premium over the period of time you have selected — not all policies have one.
The amount of life insurance coverage you need varies from person to person and depends on factors such as your age, income, and number of dependents you have.

Question 2

Aren’t all term policies the same? How do I choose?

lcli · Accepted Answer

No, there can be differences. When evaluating policies, keep these things in mind:

Your carrier should be a reputable insurance company with solid financial ratings from at least two independent ratings services like A.M. Best, Moody’s, Weiss, or Standard & Poor’s.
It should score at least 80 from Comdex, a composite ranking of the major insurance ratings services.
The policy should have a guaranteed level premium over the period of time you have selected — not all policies have one.
The amount of life insurance coverage you need varies from person to person and depends on factors such as your age, income, and number of dependents you have.