Life Insurance : It’s a topic that nobody really wants to think or talk about, but your financial plans need to be addressed in the chance something does happen to you and your loved ones are left behind.
The difficult question “how will my family manage financially if I pass away” can be answered with life insurance. Proceeds from a life insurance policy can cover outstanding debt, provide for your children’s education, protect your spouse’s retirement, and cover funeral costs.
How much life insurance do you need? This will depend on a number of factors. The size of your family, your financial obligations, the stage in your career, and your goals can all contribute to the amount of life insurance you need to be covered. Ask yourself how much your family would need to be financially secure in the event of your death. What immediate financial expenses would your family face? How much of your salary is devoted to your dependents and how much would they need to support them if you were to die tomorrow? As you take on more responsibilities in life and your family grows, the need for life insurance increases.
You are not alone if you do not have life insurance. Most Americans feel that life insurance is something they can put off until later in life, but the reality is that the cheapest and smartest time to buy is today.
PS&G Financial Partners prepares you for all of life’s possibilities by providing protection, savings and growth strategies designed to accomplish your financial goals. Are you still unsure about buying life insurance, or do you suspect that your current insurance coverage needs to be updated? Contact us today to see how we can help you get covered.