Nobody wants to think about the death of a loved one or leaving a loved one behind. Unfortunately, it’s a part of life and something everyone will have to deal with at some point. So that leaves you with two options, don’t think about it and hope it never happens or have the discussion with your family and determine what you would need financially in the event of your or a loved ones death. There are many options ranging from bank savings accounts to investments but a common option is life insurance. Life insurance is a policy that would pay a set amount at the time of the policy holder’s death. There are several different types of life insurance with different options, but all have one identical benefit, a death benefit. So how much do you need…well it’s different for everyone. MSN Money has a nice calculator that can help you determine how much you need or your insurance agent can sit down with you and help you determine the amount.
Click here for the MSN calculator
After you determine an amount, you can choose what kind. Term or Permanent, fixed or variable, there are several different options. Once again, the best way to determine what is the best form for you is to talk with your insurance agent. They are experts on this and can help you find the right product.
Click here to learn more about the types of life insurance.
And last but not least is getting the quote. Once you have decided how much you need and what kind, it’s time to get the rates. At Rinehart Insurance we use several life carriers to ensure we get the best rate possible for our clients. Call us today so we can help you protect your most important part of your life, your family!