I put this Life Insurance Needs Calculator together this weekend as a BEGINNING POINT for those who are evaluating their life insurance. The purpose of the calculator is to give you an idea of how much life insurance you need so that you can have an intelligent conversation with your insurance broker when you go shopping for insurance.
If you are going to buy insurance from a broker, I would recommend an independent agent because they are usually not obligated to sell one brand of insurance over another. However, that’s not always the case so it is a good idea to ask them which companies they represent. If you don’t like the answer, then go somewhere else or consider purchasing online through Insure.com or some other insurance website.
Remember that price isn’t everything. In other words, DON’T SIMPLY BUY THE CHEAPEST insurance. Company reputation should be more important than rates.