
: Friday , March 25, 2011 Mistakes To Avoid When Getting Life Insurance Most of us know what life insurance is . You pay a monthly or yearly premium and in return the insurance company will pay your beneficiary a lump sum payment when you die . There are a number of different types of policies , and they cover a number of situations . Many of us will make the same mistakes when we purchase . This article is a look at some common mistakes and other issues to . avoid Photo : Explore The Bruce Getting from your bank . Many banks have other insurance services above and beyond their usual lending and depositing services . When you seek to get a mortgage for your new home , or when you are refinancing , your bank will probably offer you some of these services . Because we are in need of