We'd like to address some of the most frequently asked questions directed to us.
Life insurance is an essential part of any financial plan.
Life insurance can also be used in estate planning, college funding, charitable giving and business situations such as deferred compensation plans, split dollar, buy-outs and key man protection. The amount of insurance a person needs can vary tremendously from one stage of life to the next. Parents raising children probably need more insurance coverage than a single person. The more obligations you have, the more you will want to make sure that those obligations are paid in the event of your premature death. In general, most financial planners recommend that you have between five to seven times your annual earnings in life insurance coverage.