McCurdy Group - Insurance and Financial Consultants

Tuesday, October 9, 2012

Life Insurance Reality Check

Do you have enough?  Most Americans don't.  More than a third don't have any life insurance at all, and those who do don't have enough.  Most experts believe that coverage equal to 10 times one's annual income is a reasonable rule of thumb.

There are many types of life insurance, but for all of them, the bottom line is the same:  they pay cash to your family after you die, allowing loved ones to remain financially secure.  Life insurance payments can be used to cover daily living expenses, mortgage payments, outstanding loans, college tuition and other essential expenses.

There are plenty of resources you can turn to for life insurance answers.  For a general sense of your life insurance needs, you can go to a Needs Calculator like the one at www.lifehappens.org/lifecalculator.  Call your insurance agent for professional advice.

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