Life insurance is one of the most important investments you can make into the welfare of your family, and it is typically very affordable. However, that doesn't mean you should overpay on your premiums. But how can you tell if you're paying too much? Michael E. Glick Insurance, an independent agency based in Boerne, TX, has a few tips that could potentially lower your life insurance premiums.

According to their agents, you might be paying too much for life insurance if:

• You Have Permanent Insurance: While a permanent life insurance policy is right for some people, others only need term life to provide coverage until their kids are grown or they're ready to retire. Permanent life insurance policies are typically much more expensive than term life, so you could be paying more every month for coverage you don't necessarily need.
• You Have Too Much Coverage: The amount of your life insurance policy should be related to your financial obligations and how much income your family members will need to replace should something happen to you. If you don't have many dependents or don't have a very high income, you may not need a high-value life insurance policy.
• Your Riders Are Outdated: Life insurance riders can be extremely helpful, allowing you to convert your policy from one type to another or guarantee coverage. However, having riders can significantly add to your monthly costs. If you don't need these riders anymore, you could be spending a lot of money on unnecessary coverage.

Michael E. Glick Insurance has an in-depth understanding of the industry, which allows them to help everyone find the best policy for their needs. Whether you're looking for a life insurance policy or need comprehensive auto insurance coverage, you can rely on their team to find a solution custom tailored to your situation. Visit their website to learn more, or call (830) 816-9488 to request a quote today.