Why Life Insurance?

If you are thinking about life insurance and have questions, call me. 

I will be able to evaluate your family's current and future financial obligations and determine what amount and type of insurance will allow them to maintain their quality of life in the event of your premature death.

There is no substitute for evaluating one's needs with a the aid of a qualified insurance professional.  A good rule of thumb is to buy life insurance equal to ten to twenty times your annual gross income. This is only an estimate because no one's needs are the same.  I will be sitting down with you and your family to determine your specific needs.

But what kind of coverage do you need?  There are many kinds of life insurance, but they generally fall into two categories:  Term insurance and permanent insurance.  Term insurance provides protection for a specific period of time (the "Term") and pays a benefit only if you die during the term.  In contrast, permanent insurance provides protection for as long as you pay the premiums (and no loans, withdrawals or surrenders are taken).  Because it is designed to last a lifetime, permanent life insurance pay accumulate cash values and is priced for you to keep it over a long period of time. 

If someone depends on you, you probably need life insurance.  If you to die today, life insurance would provide cash to your dependents that can help meet everyday living expenses, pay down the mortgage, finance longer-term goals like education and retirement, and generally maintain their quality of life.