It’s wise to consult with a licensed broker about the different types of coverage available, i.e. term life, whole life, universal, guaranteed issue, etc. Make sure you understand the advantages and disadvantages of each type of life insurance so you can make an informed decision. A licensed broker should also be able to help you when it comes to long range financial plans. Once you know what type of life insurance is best for you, shop around and compare life insurance quotes online for the best rates. Remember that if you are not satisfied, there is a grace period and your money will be refunded.