Insurance Advisor

Do you know for certain that your family would be financially taken care of if you died tomorrow? If not, you need life insurance, which provides a safety net for the loved ones who depend on your income to survive. But where should you start and how much life insurance do you need? The Insurance Advisor will help you find out. There are two main types of coverage are available: term life and permanent life insurance. These can help pay big expenses, such as your mortgage, and also can replace the salary your family would lose once you’re gone. Term life is cheaper but has an end date, such as 30 year from its inception, while whole life stays in affect continually and may build up a cash value. The Insurance Advisor helps identify what type of insurance is best for your particular situation. If you already have life insurance, you may not have enough to adequately take care of your beneficiaries. Knowing which type of life insurance you have and the payout amount will help you answer the questions asked in this section of the Insurance Advisor, but if you are uncertain it’s fine to guess. You’ll get recommendations on how much life insurance you need based on your answers.