How Much Life Insurance Do I need?

Knowing that you need life insurance protection is half the battle. Once you’ve decided to invest in a policy, the first question naturally to ask is How Much Life Insurance Do I Need?

Getting the proper amount of life insurance coverage is crucial to protecting your family and your finances. Life insurance protection is an act of love that you give to your beneficiaries who will someday use those funds.  

When asking yourself how much life insurance do I need? It’s quite common to miscalculate your actual needs. Some calculate to high and spend more than they have to; others figure nowhere near enough and leave their families at risk of financial hardship. 

Our goal is to help you get the perfect policy. That means getting the right amount of coverage, enrolling with the best carrier, and at the lowest cost.   

Our experienced and friendly agents are here to help the entire way through. If you’re ready to get started, fill out the form on your screen.

If You’re Asking… How Much Life Insurance Do I Need? 

Start by asking yourself a few questions: 

Do you wish to have a traditional burial or cremation?

The average funeral costs between $8,000 – $11,000. And the average cremation cost between $2,000- $4,500.  

You may not have yet thought about which you prefer; however, by answering this question, you’ll be able to estimate how much life insurance coverage you need more accurately.  

Do you have any personal debts or credit card balances?

In 2017, over 50% of all Americans over age 65 had a current balance on at least one credit card. Even though you may have intentions of quickly paying off your credit cards, unexpected events may leave your surviving loved ones with the burden of this high-interest debt. 

Do You Have Good Health Insurance?

We all want to believe that we will pass quietly in the comfort of our own home. However, the reality is over 80% of all deaths in America require end-of-life care. Which often leaves behind last-minute medical bills.

Medicare will cover some of these costs, but it certainly doesn’t cover everything. Proper planning gives your family a financial safety net, which ensures no one has to pay out of pocket for your end-of-life expenses.

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Will Your Spouse or Kids Need Any Additional Income?

Typically funeral costs and medical bills are the most significant expenses left behind. But what happens if your spouse or loved one depends on your income?

Losing your income stream may result in your loved ones facing severe financial challenges after you’re gone. 

The right life insurance policy can supplement lost income so the surviving family can maintain their quality of living. 

Need Help Figuring How Much Life Insurance You Need?

We’re here to help.  Our independent agency specializes in senior life insurance policies to reduce or eliminate end-of-life expenses. 

We help people up to age 85 explore and find their best life insurance options.

Final expense life insurance policies provide coverage up to $50,000 with no medical exam. 

Guaranteed acceptance life insurance provides up to $30,000 in coverage with no medical exam or any health questions whatsoever. 

With our free service, you can compare life insurance companies side by side in a matter of minutes. 

We’ve helped thousands of people get the right amount of coverage at the right price for their budget. See what we can do for you.

Explore your options today by filling out the form on your screen.

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Get a quote from a licensed agent or simply explore your options. 

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