Too many people are taking unnecessary risk by not protecting their loved ones with life insurance

8 in 10 Americans say family is the most important to them but only half (55%) have Life Insurance to protect them.

How much insurance do you need?

Important considerations for determining the right amount of coverage.

To determine the right amount of life insurance coverage, it is important to evaluate three important financial areas:

1) Immediate cash needs upon the passing of a loved one;

2) Ongoing income required of the beneficiaries; and 3) Any existing financial resources that would be available.

When a loved one passes on, there are two primary financial need categories that surviving family members are faced with.

IMMEDIATE CASH

These needs typically arise within the 6 months after the insured’s death and include items such as: • Funeral expenses • Medical bills

• Paying off mortgage

ONGOING INCOME

Occurring over a long period of time, living expenses will need to covered. Planning for inflation is important as well as future major expenses such as: • College tuition • Financially helping adult children

• Caring for elderly family members etc. Survivors can place life insurance benefits into an account earning a suitable

amount of interest to provide an income stream.

A life insurance policy can help beneficiaries with each of these financial need categories.

To find out more please contact Robert Goldsmith @ 1-877-529-6543 or Financial411@att.net