If you’re interested in purchasing life insurance, figuring out the coverage you need can be daunting.
Here’s a simple formula:
- SURVIVORS’ FINANCIAL NEEDS
Final expenses + debts + income needs
- SURVIVORS’ FINANCIAL RESOURCES
Survivor benefits + your assets + your resources + group life insurance
- DO THE MATH
Financial needs — Financial resources = How large a policy to buy
Try out our free life insurance comparison quote. No personal or contact information is ever required.
Many people are underinsured because they skip these simple steps. It’s also important to consider the timing of when your financial resources will be available to your family.
Speak with the experts at Associates of Clifton Park. They offer a variety of policies and can go through all of the factors you may want to consider. Give them a call at 1-800-893-1621.