Who Needs Life Insurance?

For most people, life insurance is an essential component of a sound financial plan. You may already know it provides a tax-free way to help ensure your family is taken care of financially after you’re gone. But life insurance is a versatile tool that can do more than pay off debt and help your family maintain their lifestyle. It can also help fund your kids’ college education, round out your retirement plan, and more.

Below are several myths that we often hear about life insurance:

1. "You only need life insurance if you have kids." Even those without kids may leave behind joint debts, funeral expenses, and other bills that need to be paid. Also, life insurance can give a spouse income replacement during a very difficult time or compliment a retirement investment portfolio.
2. "Life insurance is just for “older” people." Young people may be less likely to die, but they also are more likely to leave behind a dependent family. The younger and healthier you are the cheaper it is to qualify for better rates!
3. "I have enough life insurance through work." Do you have enough life insurance from work to cover your dependents or major debts? Most people don’t. In fact, most people have 2 or 3 times their salary as a life insurance benefit when it is recommended that you have at least 10 to 12 times your salary.
4. "Life Insurance is expensive." It is usually more affordable than you think. Life insurance comes in many shapes and sizes to fit your budget!

Financial needs, goals, and situations change. We want to make sure your life insurance strategy is keeping pace with your life.

Please feel free to reach out to us for your life insurance needs. We can be reached at 239-489-2838 or click on the link below to start an online request. (link to the Insurancenter website life ins questionnaire)