There are some general guidelines that are pretty simple and give just
about everyone the ability to determine their need for life insurance. The trick
comes when trying to determine just what kind of life insurance to buy and
how much. For this, you really need the advice of a trained professional. For
If you are single, you
probably only need enough life insurance to cover your outstanding debts,
final expenses and possibly estate taxes.
If you are married with no
children, your main concern is replacing enough income to allow your spouse
to continue in the lifestyle to which you have become accustomed.
If you have young
children, you need to plan to not only cover your loss of income, but also to
cover the expenses that go with raising kids, like healthcare and college.
Don't assume that because your spouse is a stay-at-home parent, there will
not be a substantial financial hole created by the loss. After all, you will
still have to make a living while somebody else must take care of your
children in your absence.
If you are older, your
kids are raised, your debts are pretty much non-existent, and you have
adequate savings, your interest in life insurance will probably be for estate
planning purposes.
Now that you have determined the need, you need to decide, out of the
myriad of life insurance products available, just what life insurance product
suits your needs. You will most likely need our services to help you with
that decision. After selecting the type of insurance, we will shop for the
best product for you, giving consideration to price and policy provisions.
Big advice for young life insurance buyers determine the amount of insurance
you need first, then let us match it to the product and price you can afford.
Don't compromise the needs of your family for the greed of your family. While
policies that have an investment feature are nice, the most important issue
is to protect your loved ones adequately.
Call us. We can help.
