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What do you look out for when choosing a life insurance policy?




If you own a home, have a spouse, kids, or any financial liabilities, you should seriously consider buying a life insurance policy.


With a solid life insurance policy in place, you won’t have to stress about the financial burden your loved ones would inherit if you were to die unexpectedly.


So what factors should you look out for when in the market for this type of cover?


1. Affordability

An affordable life insurance policy is not only important now – it is important for the future, too. That’s because, when life happens and times get tough, life insurance is often one of the first items people stop paying for.


2. Payout


Make sure your policy can pay 100% of the “face value” from day one if possible. Stay away from simplified policies unless it’s a last resort. There’s often a two- or three-year waiting period after purchase before they’ll pay out 100% of the proceeds upon death. If you want life insurance coverage that starts right away, this is obviously imperfect.


3. Underwriting Strictness


Insurance providers offer policies which range widely on how they price out risks like diabetes, smoking, travel abroad and other factors such as family medical history.

Be sure to speak to a knowledgeable independent agent who can ‘shop’ various companies to find the best rates for your particular situation. (Us)


If you don’t do this, you're going to risk overpaying for a life insurance policy – or not being accepted altogether!


Remember, our services are completely free. A life insurance policy is not a small consideration, and if any of the above sounds completely daunting, just leave it to the professionals (us) to guide you. GET A QUOTE



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Max Insurance Brokers Limited, company registration number C50394, is an enrolled company in the Brokers List to act as an insurance broker under article 13 of the Insurance Intermediaries Act (Cap. 487) and is regulated by the Malta Financial Services Authority (MFSA).

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