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  • What type of life insurance coverage is offered (e.g., term life, whole life, universal life)?
  • How much coverage do I need to adequately protect my beneficiaries?
  • What is the premium amount for the life insurance policy?
  • Are premiums fixed or adjustable over time?
  • What are the payment frequency options (e.g., monthly, quarterly, annually)?
  • What is the duration of the policy term (for term life insurance)?
  • Is there an option to renew or extend the policy term?
  • What is the death benefit amount payable to beneficiaries upon the insured’s death?
  • Are there any conditions or exclusions that may affect the payout?
  • Are there any optional riders or additional coverage options available (e.g., accidental death benefit, disability income rider)?
  • What are the costs and benefits of adding these riders to the policy?
  • Does the life insurance policy accrue cash value over time (for permanent life insurance)?
  • Are there investment options or features available within the policy?
  • What is the underwriting process for determining eligibility and premium rates?
  • Are there any medical exams or health screenings required?
  • Is there flexibility to adjust coverage amounts, premiums, or beneficiaries over time?
  • Are there any restrictions or limitations on policy changes?
  • What are the options for surrendering or canceling the policy?
  • Is it possible to take out loans against the cash value of the policy?
  • If purchasing term life insurance, are there conversion options to convert to permanent life insurance without additional underwriting?
  • Who will own the life insurance policy (e.g., individual, trust)?
  • How are beneficiaries designated, and can they be changed?
  • What is the financial strength and stability of the insurance company?
  • Are they rated highly by independent rating agencies (e.g., A.M. Best, Moody’s, Standard & Poor’s)?
  • Are there any exclusions or limitations on coverage (e.g., suicide clause, contestability period)?
  • What circumstances could void the policy or result in denial of benefits?
  • What customer service and support options are available to policyholders?
  • Is there a dedicated helpline or online portal for policy-related inquiries and assistance?
  • Have you compared quotes and features from multiple life insurance providers to ensure you’re getting the best coverage and value for your needs?

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