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Who needs life insurance and how much life insurance do I need?

Those are probably the two questions I get asked the most on this topic. Many people don’t want to plan for that unfortunate loss of a family member, but avoiding the hard realities of life may leave your family with negative financial consequences in the future.

Life insurance is there as a “safety net” for your family so that they would not suffer financially if you were to die. Anyone that relies on someone financially should have a life insurance policy. Life insurance is the one policy that is guaranteed to pay out one day. According to MSN, “40% of households with children under 18 say that they would have trouble paying their living expenses immediately if the primary breadwinner passed away.” Yet 30% of Americans don’t have life insurance, according to MSN!

In order to know how much you need there are a few ways that you can go about finding that out.
*CNN Money says that one rule of thumb is to purchase enough coverage to replace 5-7 years of your salary or 10 years if you have children. That’s not always the case with everyone.
*Evaluate all of your family’s needs while taking into consideration all of your debts (i.e. house, auto loans, credit cards, etc.). Add up your total debts and take out an insurance policy for that amount at a minimum. That way your family at least has peace of mind knowing that the bills will be covered. Either way is a great idea, but it all depends on what each family can afford financially.

If you have more questions about life insurance or would like a no obligation review, please feel free to contact me so we can discuss how to protect your family’s future.

Tips to Getting Your Basement Dry

You may be surprised at what can be saved after it has been damaged from water. The most important tip is to get rid of the water ASAP. The longer the water sits the more of an issue it becomes with mold and the harder it is to repair. Below are some tips to remediating your water damage.

*Remove important items that can be picked up and moved to another room. Once removed from the water dry with a fan.
*Find the source of the water. There may be leaves clogging a sewer or a faulty sump pump. If so, remove the leaves or replace the sump pump. If you need a referral I can provide you with one for immediate sump pump repair.
*Use a dehumidifier or air conditioner to circulate the air and reduce moisture buildup in your basement.
*Confirm that your policy has sump pump/sewer back up coverage, the endorsement will provide coverage for water removal and damaged items.

Questions
Questions

Feel free to email or call me with any questions or comments about my services or if you have any insurance related inquires.

Contact
Contact

Phone: 708.444.0050
Email: kelly@kellyburkeinsurance.com

Availability
Availability

Monday - Friday: 10am - 5pm
Evening and weekends
available upon request