Valuable Life Insurance Coverage That Matters
Life insurance is not only the cornerstone of a solid financial plan, but it’s undoubtedly one of the most cost-effective ways to protect the people who depend on you financially. What would happen to your family if you were to die prematurely? Would they be able to maintain their current lifestyle? Would your kids be able to go to college? Would your spouse be able to shoulder the load with one income?
What is life insurance?
Life insurance is designed to financially support your family when you are no longer around to do so. From funeral expenses, remaining debt, and everyday living expenses, life insurance can be there for your family when they need help the most. If you have a child, are married, or you have any debt, purchasing life insurance is a smart financial move. If all three apply to you, hopefully, you already have life insurance.
What type of life insurance do I need?
When purchasing life insurance, consider whether you want permanent, life-long coverage or protection for just a few years. Whole life insurance remains with you for your entire life, while a term policy will last a predetermined period of time, such as 10, 20, or 30 years. At Great Park Insurance, we make the process of buying life insurance extremely simple. We have access to a wide range of life insurance companies so we can survey the marketplace and, based on your individual rating criteria, find the best possible life insurance policy at the right price.
How much life insurance do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess. Finding out how much life insurance you need doesn’t have to be difficult. One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.
The amount of coverage you need depends on a number of different variables, including
- how many children you have
- your future earnings potential
- whether or not you’re married
- spouses future earnings potential
- you and your spouse’s age
- amount of debt you have.
Protect your family when they need coverage the most. Contact to the team at Great Park Insurance to get started.