Life insurance

Life insurance is a cornerstone of a solid financial plan. It’s also one of the most cost effective ways to protect the people that depend on you financially. 

What would happen to your family if you were to die unexpectedly tomorrow? 

• Can they maintain their current lifestyle?
• Would your kids be able to go to college? 
• Can your spouse handle the load with only one income?

If you have a child, are married, or carry any kind of debt, then purchasing a life insurance policy is a no-brainer.

Here are a few other reasons to have life insurance though:

• Pay Federal Death & Estate Taxes
• Create an Inheritance
• Pay Final Expenses & Funeral Costs
• Charitable Donations

A mistake people often make is basing their life insurance coverage on a guess without realizing what the impact inflation can have on their life insurance proceeds.

A benefit of working with an independent agent is that we can sit down, conduct a Needs - Analysis, and determine the exact amount of coverage you will need to protect the people depending on you.

The amount of coverage you need depends on a variety of factors. Here are a few examples:

• How many children do you have? 
• What is your future earning potential? 
• Are you single or married?
• What is your spouse’s earning potential?
• Your Age
• How much debt do you have? 

There are many different options when it comes Life Insurance, but it’s not as complicated as it may seem. 

There are essentially two kinds of policies: term life insurance and whole life insurance.

• Term life insurance lasts for a specific amount of time (the term) and expires at the end of the term. For example 5, 10, 15 or 20 years.
• Whole life insurance is a form of permanent life insurance and lasts your entire life. 

A benefit of having an Independent Insurance agent is that when conducting your Needs Analysis, we can recommend the best policy option for you based on your needs. We might recommend Term Life VS Whole Life or vice versa.