Life Insurance
WHO
NEEDS LIFE INSURANCE?
The main reason people buy life insurance is to replace the income that would be lost with the death of a wage earner. We're quick to insure our cars and our homes, but all too often we overlook our most important asset...OURSELVES!
With mortgages, tuitions, and bills to be paid, it's important to have proper coverage on all income earners. Some people may have Life Insurance (Group Term) through their employers, but this alone may not be sufficient.
You should look into purchasing individual coverage that can be customized to suit YOUR particular needs.
HOW MUCH LIFE INSURANCE DO I NEED?
Generally speaking, the more people who depend on your income, the more life insurance you should own. This holds true for individuals, families and business people.
Many financial experts estimate that you should be insured for 5-7 times your annual income, BUT it's best to work with a Professional to go over your needs and look at the available options.
WHICH TYPE OF LIFE INSURANCE IS BEST FOR ME?
No matter what you may have read... there is no one "best" type of life insurance. What's best is "what's best for you."
Life insurance is not a "one size fits all" product. There are a wide range of products to choose from including: -Term -Universal Life -Whole Life -Modified Premium Whole Life -Survivorship Whole Life.
Each of these products have their own costs and benefits which can be tailored to suit your particular needs.
WHAT CAN LIFE INSURANCE DO FOR ME AND MY FAMILY?
Life insurance can help pay off a mortgage, fund a college education, take care of final expenses, offset the loss of the insured's income, and allow a family to continue its standard of living.
Only a professional can help you determine which type of insurance is most cost effective for you over the course of your lifetime.
This is just an overview about Life Insurance. It is best to work with a Professional to go over your needs and look at all your available options.
CLICK HERE to request a LIFE INSURANCE QUOTE.
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