Life Insurance ~ How Much Do I Need?

by admin on October 4, 2012

Everyone is different and the need is different so its hard to state how much Life Insurance Coverage is right for everyone. What I like to tell my clients is to think about the future, look at expenses and what is to come for you and your family.

Make a rough estimate taking all the things you and your family do in a year: schooling and future schooling, Medical expenses, Rent or Mortgage and everyday cost of living. This will help you see what you usually spend in a year and will guide you to see how much it costs to keep your family running. I would also include the extras that we have all gotten used to, yearly vacations, child care, etc.

A easy way, but can be a little more pricey is to take your annual income and times it by 10. That would be one sure way to know that your family is secure and will have enough to keep up with their normal lifestyle as well as the cost of living for at least 10 years.

There are a few different kind of policies that you can choose from when picking a plan. Usually, the most cost effective way to go is Term Insurance. Give me a call to discuss your options and get some quotes out to you.

Politi Insurance Agents & Brokers
818-709-8442
www.health-insurancecalifornia.com
www.politiinsurance.com

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Life Insurance quotes, Life Insurance Need, Insurance Quotes
October 5, 2012 at 2:03 pm

{ 2 comments… read them below or add one }

Vic October 19, 2012 at 11:03 am

Isn’t Whole Life the best way to go? There are so many different types of life Insurance. Please contact me to talk.

admin October 19, 2012 at 11:09 am

Hi Vic,

There are MANY different kinds of Life Insurance policies. I will contact you to figure out which is the best for you and your family.

Speak with you soon,

Lesley
http://www.politiinsurance.com

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