An important question you need to ask yourself is how will my family manage if something happens to me! No one really wants to think about Life Insurance, but if someone depends on you financially, it’s a topic you can’t avoid.
“Life Insurance isn’t for the people who die
It’s for the people who live.”
What will your family do if the primary wage earner passes away or gets sick? What assets are you willing to give up to make ends meet? These are questions that many people don’t think about until it is too late.
Life Insurance Can Help
A Life Insurance Policy pays cash to your family after you die, allowing loved ones to remain financially secure. In the event of a tragedy, life insurance proceeds can..
- Funeral Costs
- Uncovered Medical Expenses
- Mortgage, Car loans, Credit Card Debt
Getting Life Insurance doesn’t have to be hard (or boring). The importance of life insurance is helping them get the coverage they need.
There are many types of life insurance but for all of them, the bottom line is the same, they pay your family after you die, allowing loved ones to remain financially secure.
And, many people haven’t bought life insurance or more of it because they’re unsure of how much or what type to buy.
How much Life Insurance do I need?
The most important part of buying life insurance is determining how much you need. Since everyone’s financial circumstances and goals are different, there is no rule of thumb to tell you how much to buy.
Doing The Math
To start, estimate what your family members would need after you’ve gone to meet immediate (i.e. funeral), ongoing (i.e. rent or mortgage, other everyday bills), and future financial obligations (i.e. college and retirement).
Add up the resources your surviving family members could draw upon to support themselves (i.e. savings, spouse’s pension, etc.). The difference between the two is the amount you would need in life insurance.
You Can Afford Life Insurance!
$250,000 In Life Insurance Will Cost
Age: Male: Female:
35 Years Old $10.72 $10.26
45 Years Old $18.09 $15.54
5 Years Old $40.24 $29.89
*These rates are based on a 10 year term, preferred rating, and are subject to underwriting.
I can help you understand the differences between Life Insurance and what is the right coverage for you. Please contact me to find out more at 708.444.0050 or email@example.com.