Do I Need Life Insurance

 

Why I Need Life Insurance

Income Replacement

  Step #1 - Do I Need Life Insurance?

People purchase Life Insurance for a variety of reasons. It has has several purposes. Life Insurance is protection. Its most important function is to replace the earnings that would cease at the death of the insured.

Look at the items below to see if they apply to you. If they do, you should consider adding Life Insurance as part of your financial plan.

Your family situation is a determining factor in your
Life Insurance needs.

   You're single and have no dependants and no debts a
       minimal amount of life insurance would probably be
       sufficient. You just need enough to pay the burial costs.

  You are married and your spouse depends on your income.
      How will your spouse survive financially if are gone? A Life
      Insurance policy and create and immediate estate for your
      spouse to maintain the standard of living that he/she is
      accustomed to.

  You are married with children. Children add another
      dimension to your family unit. Costs of raising children are
      expensive. What about their college education? A well
      structured Life Insurance policy can provide the necessary
      funds for your children's future college education. if you are
      no longer around.

  You have debt. Everyone has some form of debt. Credit
      card, car loans and other consumer debts can be liquidated
      with life insurance benefits.

  You own a home. It can pay off your mortgage and provide
      your family with a potential debt-free home.

  Final expenses. Funerals are costly. These can be paid
      from your life insurance proceeds, preventing the need for
      your spouse and/or children to have to deal with them at the
      worst possible time.

  You own a business. For businesses, life insurance is a
      way to protect key employees and the business itself.

These are valid reasons to purchase Life Insurance.

Take the next step and look at our How Much Life Insurance do I need page.

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Type of Insurance:	1 Year Level Term 5 Year Level Term 10 Year Level Term 15 Year Level Term 20 Year Level Term 25 Year Level Term 30 Year Level Term 35 Year Level Term 40 Year Level Term To Age 65 Level To Age 70 Level To Age 75 Level To Age 80 Level To Age 85 Level To Age 90 Level To Age 95 Level To Age 100 Level To Age 105 Level To Age 110 Level Other Term 10, 20, 30 Year Term All Level Term Product Categories 10 Year Return of Premium 15 Year Return of Premium 20 Year Return of Premium 25 Year Return of Premium 30 Year Return of Premium To age 65 Return of Premium To age 70 Return of Premium To age 75 Return of Premium Other Return of Premium 15, 20, 30 Year with ROP Return of Premium Products To Age 121 Level (No Lapse U/L) To Age 121 Level - Pay to 100 To Age 121 Level - Pay to 65 To Age 121 Level - 20 Pay To Age 121 Level - 10 Pay To Age 121 Level - Single Pay
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