Life Insurance Services & Asset Protection
How Much Life Insurance Do You Need?
Before you attempt to choose a specific life insurance policy, you may want to have some idea of the size of the policy you should consider. Some basic preparation will help to make sure your family will have the financial resources needed in the event of your death. This simplified worksheet will give you a starting point for discussion of your life insurance needs with your financial planner.
The concept of life insurance is actually pretty simple: Pay today to protect your loved ones when you’re gone tomorrow. We all have a natural inclination to avoid the topics of death and disability, but they are extremely important. The thing to remember is, time is on your side. This means you’re young enough to recover from most financial failures. On the flip side, making good, informed choices now can have a huge impact on your lifestyle in the decades ahead.
Determining the right insurance coverage for you is an important decision. As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Take care to ensure these strategies and products are suitable for the long life ahead of you. Also, be aware market volatility can lead to a possible increase in your premium. Also know any loans, withdrawals, and surrenders, partial or whole, can adversely affect the death benefit, and may have tax consequences.
Long term care insurance is designed to cover long term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization or other facility
Try Our Insurance Services Today
Not sure what kind of insurance you need? Do you have enough to sustain your loved ones if something were to happen to you? We can guide you through the wide variety of insurance options for you and your loved ones and then help you choose the one that suits your lifestyle needs and future goals. Insurance often equals peace of mind. Let us help you make these decisions.