If people agree with the tip, place a checkmark in the square on the left of it.

Always compare. In buying any new insurance policy, compare the two that we feel provide the best protection. Only after a step-by-step comparison should people make their choice.

Buy only what People need and can afford. Duplicate coverage is not only costly but confusing as well. Keep their insurance program as uncomplicated as possible, but still get the protection they need.

Look for major exclusions. Unless people cover the big risk, they want to eliminate, forget it. They have got to get what they buy, or they been misled. They should ask their agent to write out exclusions.

Beware of a replacement offer. If someone tries to replace their policy, be suspicious—especially in health insurance. Have someone who is qualified help People make a comparison.

Question policies with maximum ceilings. If a company puts a low limit on how much they will pay, they are, in effect, leaving the risk with them. If their payoff is low, it may not be worthwhile.

Ensure their renewal rights. If People cannot retain a policy as they get older, then they are only buying temporary protection and have not effectively transferred the risk.

Take enough time to do research. We sometimes buy something just to get it done. This frequently creates more stress at a later date.

When possible, deal with a single, reliable insurance agent. People must choose insurance agents the same way they choose lawyers or doctors. Seek one who enjoys working with them. Do not deal with anyone who is not sympathetic to their special needs as a retiree.