Questions You Must Ask Your Life Insurance Agent
Why Do You Recommend This Product And What Is The Scope Of Cover?
Your agent might explain the different policies using a lot jargon's. Clarify with your agent if you are not aware of the terms. Make sure you understand what you are entitled to from the policy. Many a times agents get a bit pushy about ULIPs and endowments as the commissions earned on them are much higher than term plans. When a proposal is made, find out the types of coverage included. Life policies can stand alone, but most include coverage of critical illness, personal accident and/or hospitalization.
