If you have loved ones who counts on you, you should have life insurance. Your life insurance needs change throughout your lifetime - when you get married and are sharing obligations for assets like a mortgage or car loans - that is a good time to purchase your first policy. When you have children, that is an excellent time to increase your coverage. As your lifestyle and your family lifestyle changes - that is a good time to review and possibly increase your life insurance.
Affordable Life Insurance - how much coverage do you need?
Here is a simple formula:
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Example
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How much life insurance do you have?
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$100,000
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Cross off the last 4 digits
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$10
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Multiply by 2
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$20
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This is the amount of money your family would have each day to live on after you die
-is it enough? -do you care?
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$20 per day for your family!
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Explanation: living off interest from death benefit of $100,000 x 7.35% divided by 365 days
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Of course, we also didn't subtract the $8,000-$10,000 for burial costs!
What changes about your spouse's lifestyle when you die? They might lose a cell phone bill and a vehicle payment - maybe the grocery bill goes down a little bit. That is about it. You don't want your family to have to move out of their home because the mortgage cannot be paid!
Affordable Life Insurance through an Independent Broker!
We are not a "captive agent" (which means we can represent multiple life insurance carriers) - we are completely independent and work with some of the top-rated insurance companies. We will not push you into products you don't need, cannot afford, or don't want - that is our promise to you! Contact us today for a quote!