Spend a quick minute answering a few short questions about life insurance plans and needs to determine the state of your life insurance wellbeing. If you also complete the health, auto and home sections you will get a great snapshot of your insurance portfolio.
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
The Insure.com Insurance Advisor is an educational tool created to help you learn about auto, health, home and life insurance. The tool is designed to help consumers understand how the different types of insurance coverage options work, as well as what factors to consider when selecting types of coverages and limits. The recommendations are for informational purposes, and not intended to take the place of a certified financial planner, but instead are intended to assist you in making your own decisions about insurance. They may not take into account ALL factors, such as your budget, risk tolerance, family situation or activities, which may affect the type and amount of insurance that would be right for you. In addition, state insurance laws and insurance company underwriting rules may affect available coverage and its cost.
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