Life Insurance

“What type of life insurance do I need?”

The answer depends on several factors including what you want the death benefit to be able to do, who will be receiving it, how old you are, and how much debt you carry. Picking the right life insurance policy may sound like a daunting task but we are here to help. Who needs life insurance? Anyone can benefit from transferring final expenses to an insurer however you should be particularly interested in life insurance if you have…

• A spouse
• Dependent children
• Aging parents or a relative with a disability who depends on you for support
• Retirement savings or income that is not sufficient to ensure your spouse’s future financial well-being
• A sizable estate
• A business

And don’t forget: when life changes, so should your insurance!

A few of the life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement. Even if nothing has changed it is a good idea to review your life policy every few years. It just may be that if rates have dropped or your health has improved, you may be able to buy more life insurance today at a lower rate than when you first purchased your policy.