How much life insurance do I need?

Most experts agree that a good rule of thumb is 6-8 times your annual salary and more if you have children and want to cover college expenses. A premature death creates significant financial needs. You may want to ensure that your family can continue its current standard of living by replacing part or all of your income, providing funds to pay off any outstanding debt, covering final medical and burial expenses, providing for the education of your children, and taking care of estate and other taxes. we can provide you a good estimate based on your unique financial situation.

Should I buy life insurance for an "at home" parent?

It is extremely important that you insure the lives of both parents. Although parents who do not work outside the home do not actually earn a paycheck, the deaths can create significant additional expenses in terms of child care and household care.

Should I buy life insurance for my children?

To make this decision, you should assess whether the cost of a funeral is manageable for your family. In many cases, a very inexpensive child rider can be placed on the parent's policy. These riders also may offer guaranteed coverage at age 18 or 21 for your child regardless of his/her health at that time. Price for dependent life insurance vary significantly. Let us help you get the best rate.

Should I buy cash value insurance or term insurance?

While there are many factors to consider when making this determination, the primary consideration should be whether your need for insurance is temporary or permanent. If the insurance is to be used to pay off a mortgage or fund a child's college education, then term insurance may be appropriate. Cash value insurance, on the other hand, can continue throughout your life and provide funds to replace income, make a charitable contribution, or to offset estate taxes.

Should I purchase credit life insurance?

Probably not. Credit life insurance is typically more expensive than traditional term life insurance. It is typically recommended when borrowing money for a new car. Instead of credit life, get a term life policy to cover this debt.