1. Decide what you want, e.g. term insurance for $300,000 for 25 years
2. Get 3 quotes from the insurance companies, specifically on what you need, and make your choice
3. Compare with the benchmark for this product given in Practical Guide on Financial Planning
4. Read the FAQs in this blog
5. Do not listen to an agent who recommends another product, as the agent is likely to sell you a high cost, low yield product.
6. Never buy a product recommended by an agent where you are not able to compare with similar products
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