\No matter how well you provide for your family, if you don’t have life insurance their future could be at risk. Think about what would happen if you were gone. Would they struggle to pay the bills and face an uncertain future? They don’t have to.

You can help guarantee those you love $100,000, $200,000, $500,000 or more with life insurance. Here is an example. A 40 year old man can pay $15 a month for a $250,000 term life policy. Through life insurance, you can make the future more secure for those you love.

Whether you are talking to a financial planner, an estate planner, a life insurance agent or a friend or relative, the next subject has been highly debated over the last six decades.  You will get all kinds of opinions about how much life insurance you will need. This is just one reason why people are hesitant when it comes to purchasing life insurance. Let’s go over some practical information about life insurance.

Some people will say just get enough to pay for your funeral and some other bills. Others will say just get some insurance from your job. An insurance agent may say you need at the minimum of two and a half times your gross income. Financial planners may say most people need a minimum of $100,000 of coverage. In general, people from the ages of 20-55 that are in good health can get a lot of life insurance at good rates.

To determine how much insurance you need, here are some things to consider. What is your income? Do you have financial goals for yourself or your family? What type of insurance do you want? What fits into your budget? If you believe that you need more help in determining your insurance needs, give me a call at 313-744-5977 or e-mail me at [email protected].