We also have specialists in life, disability, and health insurance. Most people don't realize how insurance products can be custom fit to their personal set of circumstances. Listed below are some important tips for people who own or are thinking about purchasing life insurance. In very simple terms, life insurance is a financial arrangement designed to provide income in the event of death. If the family breadwinner dies, the life insurance benefits will make up for the money that the family loses.
Life insurance is critically important for people who have dependents.
For example, if a couple buys a home and one of them dies, the insurance proceeds can be used to pay off the mortgage. Parents should purchase life insurance to provide for their children in the event of the parents death. Everyone has a different formula for determining how much life insurance you need. At the very least you should have enough insurance to cover final expenses and leave your family debt free. Call us and we will gladly meet with you to determine how much life insurance your family needs in order to maintain your current standard of living after a death.