Looking for life insurance? We can help you select the coverage that fits your needs and budget. Life insurance doesn’t protect YOUR life, it protect the lives of your family members after you die. Death is a fact of life that none of us can control, but we can control the way we plan for it.
Here are some things to consider about Life Insurance:
Replacing Your Income
When you die, your income will cease. You may have children or other family members depending on your income to survive. Your life insurance policy should be able to replace your income for a period long enough that your dependents no longer require it.
Paying Your Debts
After you die your income will cease but your bills will continue. Your mortgage payment, car payment and credit card payments will all be due on schedule. Don’t put your family in a position where they need to sell your assets just to pay your debts. Proper life insurance coverage should allow your family to continue their lives without the burden of your debt.
Funeral and Burial Costs
The average funeral costs between $7,000 – $10,000. Even if you don’t have any debts or any people depending on your income, you will still be leaving your burial costs to your next of kin. Make sure you are providing ample funds to cover the cost of your funeral.