You are Married, Getting Married, or Live With a Significant Other

Most families of all types depend on two incomes to make ends meet these days.  If your family budget depends on two incomes of any size to fund your budget, you both need Life Insurance. If you died suddenly, would your spouse have enough money to cover your funeral costs, credit card balances, outstanding loans like mortgage or car payment, and daily living expenses?

If your family budget currently depends on just one income both of you still need Life Insurance!  The spouse with the income needs to protect their spouse against lost income, and the stay at home spouse needs Life Insurance to allow the working spouse to feel like they can continue working and pay a child care provider if their spouse died, or feel financially free to make the decision to stay home or work less to spend more time with their children. 

You are a Parent or About to Become One

All of the most rewarding aspects of raising a child, like playing catch, or reading bedtime stories, or watching your child participate in a sport they love, are free!  But everything else; childcare, clothes and toys, and soccer cleats, are expensive!  

If you died, would your spouse have the wherewithal to provide your children with the opportunities you both always dreamed they’d have? From diapers to diplomas, would there be enough income to pay for daycare, a college education and everything in between? Even parents who don’t work outside the home need Life Insurance because they provide services that would be expensive to replace, such as childcare, transportation and household chores.

 And single parents...their need for Life Insurance is greater than anyone else.  Their children rely on them for everything!

You are a Homeowner

 If you’re like most people, your home is your most significant financial asset.  Life Insurance can be used to pay down or retire the mortgage, sparing your family from the anxiety and embarrassment of moving to a less expensive place to live.  

What do you owe on your mortgage?  You can carry enough Life Insurance benefit so that if you died, even on the first day of your Life Insurance policy, there would be cash available quickly for your beneficiary to pay all of the mortgage off and own the house free and clear of the loan.  We have found this to be such a feeling of security to a recent widow / widower of any age; knowing their house is paid for erases their largest monthly bill and therefore largest financial anxiety! 

Plus, Life Insurance can provide the funds needed to help family members maintain the lifestyle to which they’re accustomed.

You are Changing Jobs or Careers or Have Experienced a Change in Income

If you’ve recently been promoted or changed jobs, it’s a good time to re-evaluate your Life Insurance coverage. Why?

You may not realize it, but when your income rises, your spending tends to rise, too. Updating your Life Insurance coverage can help ensure that your family would be able to maintain its new and improved lifestyle if something were to happen to you.

If you moved to a new employer your current Life Insurance benefit may have changed, as most Life Insurance benefits through work end when you leave that employer.  A Life Insurance review will confirm your current need for Life Insurance and give you the chance to purchase more if needed. And when you purchase your own Life Insurance policy, it continues regardless of job changes or other life events.

You are Nearing Retirement or Currently Enjoying Retirement 

Many widows / widowers live past their spouse's death for 10, 20 or 30 years.  Would your spouse have to make drastic lifestyle adjustments to make ends meet during that time?  Would they have enough liquid monies to pay for daily expenses?   Life Insurance benefits can provide cash to the surviving spouse to use for daily living expenses, preventing them from selling a house, or family farm, etc. to have access to monies.  

Simply put, Life Insurance helps widows and widowers avoid financial struggles in retirement. 

Many retirees also think of Life Insurance as a way of leaving an inheritance to their children and grandchildren at their deaths.  Retirees are not sure how much of their savings will be left at their passing, but a set amount of Life Insurance can be earmarked for each loved one.

You are a Business Owner or Partner in a Business

People buy personal Life Insurance because someone counts on them financially (a spouse or child). Your business counts on you financially in the same way.

Many business owners are the “face” of the business, and without them, the bottom line would suffer. And if you are not there to take care of all the little details, will your business suffer?

You can purchase Life Insurance with your business as the beneficiary. If you died the money would be there for the business as a ready infusion of cash to pay salaries, the lease, daily expenses, and to hire someone to take over your daily duties.

Business Life Insurance can also help business owners secure a building or business loan, or finance a buy/sell agreement between partners.