The insurance coverage that you choose could greatly determine how much you are responsible for out of pocket should something happen to you, your home, or your car. You always want to find the happy medium between what is affordable and having enough coverage so that you aren't in a rough financial situation should something happen. One of the primary things that you need to look at is the deductible. This goes for your health insurance, car insurance or just about anything else. This is the money that you must pay out of pocket before insurance steps in to pay the rest. It is standard practice that the higher the deductible, the lower the insurance. This is because you are risking the idea that the likelihood of you needing the insurance is low. When it comes to life insurance, the coverage that you choose is what will provide your family the money that they need to continue their current level of living once you pass. While no one wants to consider their mortality, you do need to consider this. Not providing enough may save you money, but it won't help your family very much. All the coverage that you get from insurance is variable. The more coverage you want, the more that you will pay. Some people need more coverage than others. If you aren't sure what you need exactly, you may want to consider getting an insurance broker to help you with some of your decisions. They are free and get paid by the insurance company. The insurance broker may suggest higher coverage options for those who are over the age of 65. There is also the importance of those that are involved in dangerous professions to have higher coverage. The reason for this is because in both of these instances, the chances of something happening where insurance would come into affect are higher. The coverage premiums will vary from company to company, so you should ask at least three different companies for rates. If you are dealing with an insurance broker, they will do the comparison shopping for you. Ultimately, you need to get the coverage you need to cover you and your family so that you aren't paying a lot out of pocket in the event that you need to take advantage of your insurance company. Rates vary, so there is no reason to pay for the highest � just make sure you do your comparison shopping.