Do You Have Enough Life Insurance for Tomorrow
Do you have enough life insurance for tomorrow? Life Insurance planning is the foundation of a sound financial future…. unlike any other financial tool, Life Insurance provides a straightforward benefit solution to some of life’s most challenging events. What carrier is suitable for you? We can access over 60 “A” or above-rated carriers to find the carrier that will approve of you. So, how much Life Insurance do you need?? Remember that 78% of Americans think they have enough or too much Life Insurance, according to a 2011 LIMRA study.
| If you purchased this amount of insurance | $100,000 | $250,000 | $500,000 | $1,000,000 |
| And your Family spent $25,000 on final expenses | $75,000 | $225,000 | $475,000 | $975,000 |
| Your Family will have this monthly income left for ten years | $788 | $2,365 | $4,992 | $10,247 |
| Or | ||||
| This monthly income left for 20 years | $488 | $1,465 | $3,093 | $6,349 |
| Or | ||||
| This monthly income left for 30 years | $396 | $1,188 | $2,508 | $5,147 |
Assumes 5% interest on the lump sum—28% tax bracket. Sit down with your spouse and decide how each one feels would be enough to replace your income. Remember, this is not to make you feel comfortable; you’ll be gone. They will need this to pay bills, mortgage, daycare, education, etc… Want to run a term life quote right now to see what you can afford? Fill out the form to the left and get a free instant no-obligation quote.