Have you been craving for a sales pitch? So far that's just the body under the sheet you are avoiding tactfully before buying any life insurance policy. Nobody is aware when their number is on rise. But, some experts such as Daniel Gootner can help you get out of this easily. In this blog, he has revealed some unrivalled facts and secrets that can help you in making a sound decision pertaining to buying any life insurance policy.

Generally, there are two types of people who must buy a life insurance policy:

1. If you are an owner of a large estate to be subject to estate tax. However in some case, it doesn’t affect many people.

2. If other people concerned to you would be financially devastated if you died prematurely.

Although, the first condition is not relevant for many people, the second condition confers to most of us. If others are dependent on you, it is strongly recommended to buy whole life insurance policy to perform your liabilities. Not only this, there are many other types of life insurance policies that you should never buy. Let’s take a small tour and discover some life insurance policies you should avoid buying.

Life insurance for kids is wastage of money. As most of the children are born healthy and live for a very long time. Even children don’t have any income, so you don’t need to insure their lives. Instead, be smart enough to put that money to better use such as saving for educational purposes.

This kind of life insurance policy dies within two years because most policies need company to simply return the premium you paid. Moreover, the death benefits are very less in contrast to the expensive premiums you have purchased.

Accident insurance is one of the cheap insurance policies. But this kind of insurance makes no sense. Despite of throwing your money away on these policies, have a fresh orange juice at the bar while you are on your way to board your flight. That will help you’ll live longer.

With universal or whole life insurance, you will pay a higher premium with an assurance that the carrier will take those extra dollars and invest them for you. The problem is that this kind of insurance is quite expensive. The investments don’t increase as the expenses ruin your interest.

In terms of Daniel Gootner, consider whole life insurance policy to cover your family protection needs. Do check with your carrier, if you may have no choice but to buy a guaranteed issue policy. You also need to check out other alternatives, like senior whole life insurance, first.