Life insurance provides for your loved ones if you die. As people live longer life insurance rates have gotten much less expensive. If you are married, have children, a home, or debt you should carry life insurance to prevent a financial burden to your family.
As a general rule, it is recommended to have 7-10 times your annual income for your life insurance. When you are young and raising a family it is important to have close to the 10 times amount. When your children are older and your debt is lower you can reduce the amount of coverage needed.
We focus on providing term life insurance which is purchased in 5, 10, 20 and 30 timeframes to meet your family needs and financial goals.
If you are 25 earning $40,000 with one child and planning to have two more children and buy a larger house we will recommend that you buy at least $400,000 face value 20 or 30 year term.
If you are 45 earning the same $40,000 with one child in college and others already on their own, your house is nearly paid off and your spouse has a good income we can consider $200- 300,000 face value on a 10 or 20 year term.
Our professional agents can assist you to identify the right coverage and best company to work with.