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How much Life Insurance do I need?
- Compile all your financial information and estimate how much money your family will need after you're gone.
What is Spouse Life Insurance?
- In a dual income household, it is important to protect the earning capacity of both spouses. The loss of one income earner could be a severe financial hardship on the family.
If a spouse is a non-wage earner such as a stay-at-home parent, life insurance should still be considered.
What is Term Life Insurance?
- the simplest form of life insurance. Term life insurance provides protection for a specific period of time. It pays a benefit only if you die during the term. If you live beyond the specified term, the policy expires without value. It is sometimes called temporary life insurance.
Policies generally last for 5, 10, 15, 20 or 30 years
For more in-depth answers to these questions and more, contact Scott Harelson today!
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