Comparing life insurance is probably the most sensible thing you can do if you are deciding to take out life cover. The cover you need for the insurance is important regardless, but your affordability is the key factor when deciding what cover you are going to take out. Some insurers may consider your risk profile to be a lower risk than others and for that reason you may get a cheaper premium with one insurer and not the others, for exactly the same amount of cover and benefits. You may also get better benefits that include extensions for disability for example. You could even couple the policy so that it covers both you and your spouse in case something happens to either one of you.
The whole idea is that you get an idea of what benefits you have access to and how much it will cost you to get them. The only way to do that is to compare life insurance quotes on an "apples for apples" basis. In other words, you have to get each insurer to giv3e you exactly the same cover and the same benefits to see which one has the best premium. If you end up in a situation where you have the same monthly payment, then you have to start comparing fringe benefits over and above the standard cover that you are getting with it. Some policies will offer you limited cover for disability or serious illness as an extra cover free of charge. You may even be able to get the full cover for a small premium. In that case you are covered for any serious problems that could end up affecting your household income in a negative way. You may extend the policy to have dual cover for both you and your spouse. That way you can pay for one policy and then have exchangeable cover for either you or your wife, and if anything happens to either one of you then, then you are both still covered. The biggest thing to consider when taking out a policy is affordability though.
You may talk to a sales consultant that sells you a policy with all the benefits and a nice lump sum amount in the event of a payout, but you have to consider your current financial position first. It's all good and well to think you will be sorted when you pass away, but if you fall short on payments; your policy ends up defaulting and you get nothing. So plan your finances right and make sure that you are covered right to the end.
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