BUYING LIFE INSURANCE

BUYING LIFE INSURANCE

Buying life insurance is not like any other purchase you will
make. When you pay your premiums, you're buying the future
financial security for your family that only life insurance can
provide. Among its many uses, life insurance helps ensure that,
when you die, your dependents will have the financial resources
needed to protect their home and the income needed to run a
household.

Choosing a life insurance product is an important decision, but
it often can be com-plicated. As with any major purchase, it is
important that you understand your needs and the options
available to you.

That's where this booklet comes in; read it thoroughly. It takes
you through the basics, step-by- step, as you prepare for this
significant purchase. Most important, it will help you know what
questions to ask when you're buying life insurance.

Life insurance also can be used to help with other financial
goals, such as funding retirement or education expenses. However,
it is important to remember that the main purpose of life
insurance is financial protection. If your primary goals are
something other than protection, you should consider what other
financial products are available to meet those goals.

The information in this brochure has been compiled by the
American Council of Life Insurance, a trade association of more
than 600 life insurance companies. Collectively, these companies
provide about 90 percent of the life insurance in force in the
United States.