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Saving for retirement is important but you also need to think about how you will protect your family financially after you die. That’s why you need life insurance. The major things to consider when choosing a life insurance policy are what type and how much coverage is right for my situation. Your investments and your insurance serve separate purposes and need to be kept separate. Term life insurance is a flexible, low cost solution that does just that.

 In case you have a spouse and kids and therefore are the main revenue earner of the household, you don't wish to leave them in a place of hardship should anything occur to you. Yet without considering the purchase of a life insurance policy, this is a situation that could become a reality. Here are some things you want to understand. If you are considering purchasing life insurance, be sure to consult your employer before going to your insurance broker. Your employer may have the ability to give you a much better rate on life insurance because of having made a deal with the life insurance company to insure a large number of individuals. You may have the ability to receive life insurance for yourself and your relatives at very attractive prices. Make sure and only by life insurance from companies that are in a strong financial position. Rating agencies like Standard & Poor's, Moody's and many others offer ratings to insurers. Do not operate with any company th