LIFE INSURANCE

The most often asked question when it comes to life insurance is, "How Much Do I Need?" Life insurance is designed to provide financial security for your loved ones and the rule of thumb is you need 7 times your annual income to take care of those needs. However, everyone is different and your needs are different, so a true life insurance "CheckPoint for Security" can help you answer the question of how much do you need. The checkpoint for Capital will review your insurance needs you feel are important and determine the right amount of coverage at the right price.

Some of the needs life insurance can help take care of include:

1. Final Expenses,  2. Dependency Income,  3. Education  Fund,  4. Mortgage Cancellation,  5. Widows Blackout Period,  6. Retirement Income

A solid approach to your life insurance program is essential to provide insight into your needs. We then can determine if we should use term insurance or whole life insurance or a combination of both to successfully reach your goals and protect your needs.

TERM INSURANCE

Term coverage is short for temporary insurance. It is like renting life insurance. It is the lowest cost life insurance available, but builds no cash value for savings. You can secure the most coverage for the least cost with this kind of protection.

WHOLE LIFE INSURANCE

This is permanent life insurance. Just like buying a home. You build equity in your coverage to help toward retirement. The death benefit is there if your family needs it and the cash value is there when you reach retirement to help your retirement program or provide you a paid up policy when you retire.

To find out more about how a life insurance program can work for you and how much you should have, just complete the contact form and submit. Our office will be in touch to assist you.