Besides, you can read the brochures of insurance companies as well and can read about the life insurance quotes in more detail. Thus, a thorough comparison between the quotes offered by various companies helps an individual to choose a policy that would offer the best and would be affordable at the same time. If so, then let me tell you that it is convenient only in the initial stage, where you do not need to move from pillar to post seeking quotes from different companies. Even if your term has finished, you can renew it every year according to your own wish, so that they can be able to get the coverage later on. Life insurance is non-taxable, and hence makes for a great source of savings. According to research carried out by de Peol, a company that procures such labour, 95 per cent of these employees are lacking life assurance and personal accident cover. Your spouse, kids, and other dependent members of your family look up to you for their financial and other needs and as such, it is your duty to make foolproof arrangements that will ensure their well-being if anything happens to you. Even if your term has finished, you can renew it every year according to your own wish, so that they can be able to get the coverage later on. Choose the best available: Dont fail to check your health insurance policy before opting for insurance. For example; some companies might offer funeral and death coverage under a life insurance policy and some companies might not cover for the funeral charges offered under a similar policy. This facility helps in avoiding out of pocket expenses, since you (the insured) do not have to pay anything for the treatment. Your health is the most fragile thing and it should be handled with care. As many as 40 conditions fall in the category of critical illness.