For most people, determining how much life insurance one should have is not an easy task. Confronting the subject of death is difficult enough, but add to that the question, “How much is my life worth?” and you now have a subject that most folks would rather avoid. We have looked at many life insurance calculators that have line items for every family expense one can think of and multiply those expenses by an estimated time one would need income to support those expenses. While this is a great exercise, we have found the task to be too time-consuming for most people.This income-replacement approach has been used by many life insurance agents over the years and it’s fairly simple to use.
Your spouse doesn’t even want to think about you passing away, let alone have to sit down and actually discuss it. It’s never easy to talk about death, especially the death of someone you love. That’s why discussing life insurance with your spouse can be so difficult. But since the … Continue reading How to Talk About Life Insurance With Your SpouseRead More
Deciding which type of life insurance product is right for you can be difficult; regardless of whether you’re considering retaining your current policy or you’re shopping for new coverage, it’s important to note that there are benefits to both term life insurance and whole life insurance. Which is the best … Continue reading Term Life Insurance vs. Whole Life InsuranceRead More
We all know how a good life insurance policy can positively affect your family—providing stability, financial security, peace of mind, etc. But have you ever considered how this relationship works in reverse? It’s true, while life insurance does wonders for your family, your family might have some not-so-desirable effects on … Continue reading How Family History Affects Your Life Insurance RatesRead More