An insider’s guide to figuring out your coverage.
Who needs life insurance? If you answer “yes” to any of the following situations, you have a definite need for a life insurance plan to protect your loved ones, now and in the future:
- You have a spouse.
- You are a parent with dependent children.
- You own a home.
- You are an entrepreneur with your own business.
- You have an estate.
- Your retirement funds and savings are not large enough to allow your spouse to continue with the same necessities of life on the same comfort level when factoring in a rising cost of living.
- There is an aging parent or disabled relative whom you support.
The ability to provide for your family, now and in the event of your death, is critical to your family’s future well-being. That ability is not a certainty, however, and that’s where your need for life insurance enters the equation. Life insurance is a financial resource for your loved ones when you die. You contract with an insurance company—you pay premiums and they provide your beneficiaries with a pre-agreed-upon amount of money upon your death.
There are also policies that assist you with funding for big-ticket items while you’re alive. These plans accumulate cash value on a tax-deferred basis which can be used to supplement your retirement income or to put a child through college When choosing a life insurance plan, many factors enter the picture:
- How much insurance is necessary?
- What are your long-term goals with the insurance you’ve selected in the long run?
- How much do you want to pay for your coverage?
- How can you get the most comprehensive coverage for the least charge?
Remember: The bottom line is to make sure you, your family, your home and your business are always well taken care of.
Whether or not you decide to work with Bob, he simply wants to make sure your insurance experience is the kind of service you deserve – the very best.