When Choosing Life Insurance: 4 Questions to Ask

When you’re choosing a life insurance policy, don’t get overwhelmed by the many options available. These questions can help you make the right decision for you.

  • Whom does the insurance protect? A life insurance policy can help protect surviving family members and dependents — children, parents, and/or spouses — from financial burden after the death of a loved one. First knowing who you want to protect can help you determine how much insurance you’ll need.
  • How much insurance do I need? A life insurance policy can help cover your remaining mortgage or car loan, college expenses for a surviving spouse or children, or solely burial and funeral costs. You may want your coverage to include several years of your salary to support your family and other expenses they may be unable to pay. Once you know what you want the insurance to cover, you can decide how much to purchase.
  • How long do I need coverage? You may want life insurance primarily when you have dependent children with medical, higher education, and general care expenses. Or you might opt for life insurance only during your working years, when a loss of income would be a blow to your family. If you’re older, you may want a policy for a fewer number of years with a smaller monthly fee.
  • What if my life insurance needs change? Your insurance needs may change over time depending on your family situation, income level, and assets you accumulate over your lifetime. An annual reassessment of your plan will help ensure you are well-equipped to care for your loved ones’ current and future needs.

Once you know the questions to ask, you can gain a better understanding of the different types of life insurance coverage options and make the best decision for your family.


This information is general in nature and is provided for educational purposes only. Information provided and statements made by employees of Regions should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specific situation. Information provided and statements made by individuals who are not employees of Regions are the views, opinions, or positions of the individual who made the statement and do not necessarily reflect the policies, views, opinions, and positions of Regions. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented.