Do you have a non-earning spouse and/or children?
Do you have a significant financial obligation – mortgage, auto loan, student loans?
If you answered “YES” to either of the above questions – YOU NEED LIFE INSURANCE!
Are you single with no children and have a minimum of $50,000 in liquid cash resources/savings?
Do you have children and have a minimum of $50,000 in liquid cash resources/savings?
If you answered ‘NO” – YOU NEED LIFE INSURANCE!
I don’t have an Individual Level – Term policy, but I am on a group policy with my employer. Is that sufficient?
“NO”, please see the illustration below.
Level Term Insurance Benefits
Disability Waiver of Premium
Child Life Insurance
Accelerated Death Benefit
Terminal Illness Benefit
“Term life is the simplest, the least expensive and the most widely applicable”
Forbes.com, “Ten Things You Absolutely Need to Know About Life Insurance,” January 5, 2016
The average funeral can cost $15k - $25k. “If you love your loved ones, you buy Life Insurance!”