Life Insurance

Life Insurance Facts

Did you know that due to recent changes in life expectancy, you are probably overpaying for life insurance.  In most cases we can provide you with more coverage for less money.

Protect Your Family with the Right Life Insurance Policy!

If you have a family to protect, life insurance is an essential purchase. If you were to die unexpectedly, your family would be left scrambling as they try to pay the bills and rebuild their lives. If you have sufficient life insurance coverage in place, you will be able to provide for your family even when you are no longer around.

How Much Life Insurance Do You Need?
When trying to determine the best life insurance, first determine how much coverage you will need. Ideally, you want to have a death benefit that can provide an income stream equal to what you make on the job. This will allow your surviving family members to draw on the money they receive to pay the mortgage, deal with monthly bills and live the lifestyle to which they have become accustomed. In order to be reasonably sure that the money will last, financial experts recommend a withdrawal rate of no more than 4%. This means that, in order to generate $40,000 in annual income, you would need to have $1 million in life insurance coverage. While this amount may seem daunting, term life insurance can be surprisingly affordable -- especially if you are young and in good health.

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