Why You Need Life Insurance
The average funeral costs $10,000 or more. Add outstanding mortgage debt, car loans, and your family's living expenses — and the financial burden on your loved ones without life insurance can be devastating. Life insurance is the financial safety net your family deserves.
Types of Life Insurance
- Term life — affordable coverage for a set period (10, 20, or 30 years)
- Whole life — lifelong coverage with a cash value component that grows over time
- Universal life — flexible premiums with permanent coverage
- Final expense insurance — smaller policies designed to cover funeral costs
- Child life insurance — small policies to protect against unthinkable loss
What Life Insurance Can Pay For
- Funeral and burial expenses
- Mortgage payoff — so your family keeps the house
- Income replacement for your dependents
- Children's college education
- Outstanding debts — car loans, credit cards
- Business continuation for business owners
How Much Life Insurance Do You Need
- Common guideline: 10–12x your annual income
- Add up all debts you'd want paid off
- Consider future income needs for your dependents
- Factor in existing savings and assets
- Term life is most affordable for young families
- Whole life builds cash value over time
Frequently Asked Questions
How much life insurance do I need?
A common starting point is 10–12 times your annual income, but your specific needs depend on your debts, dependents, and financial goals. We can help you calculate the right amount.
What's the difference between term and whole life insurance?
Term life covers you for a specific period (10–30 years) and is very affordable. Whole life covers you permanently and builds cash value, but costs more. Many families start with term.
Can I get life insurance if I have health issues?
Often yes, though the cost may be higher. Some policies offer simplified underwriting or guaranteed acceptance. We can explore all available options for your situation.