Insurance

Determining appropriate life insurance coverage

DATE | 12/13/21
1
Min
Read
array(5) { [0]=> array(5) { ["file"]=> string(25) "life-insurance-150x95.jpg" ["width"]=> int(150) ["height"]=> int(95) ["mime-type"]=> string(10) "image/jpeg" ["url"]=> string(76) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-150x95.jpg" } [1]=> array(5) { ["file"]=> string(26) "life-insurance-300x190.jpg" ["width"]=> int(300) ["height"]=> int(190) ["mime-type"]=> string(10) "image/jpeg" ["url"]=> string(77) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-300x190.jpg" } [2]=> array(5) { ["file"]=> string(26) "life-insurance-480x304.jpg" ["width"]=> int(480) ["height"]=> int(304) ["mime-type"]=> string(10) "image/jpeg" ["url"]=> string(77) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-480x304.jpg" } [3]=> array(5) { ["file"]=> string(26) "life-insurance-768x486.jpg" ["width"]=> int(768) ["height"]=> int(486) ["mime-type"]=> string(10) "image/jpeg" ["url"]=> string(77) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-768x486.jpg" } [4]=> array(3) { ["width"]=> int(900) ["height"]=> int(570) ["url"]=> string(69) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance.jpg" } } ===========array(5) { [0]=> array(10) { ["media_query"]=> int(0) ["url"]=> string(76) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-150x95.jpg" ["width"]=> int(150) ["next_break"]=> int(150) ["ratio"]=> bool(false) ["acceptable_h"]=> int(0) ["acceptable_w"]=> int(0) ["max_image_width"]=> int(1400) ["image_full_width"]=> int(900) ["percent_width"]=> int(1) } [1]=> array(10) { ["media_query"]=> int(150) ["url"]=> string(77) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-300x190.jpg" ["width"]=> int(300) ["next_break"]=> int(300) ["ratio"]=> bool(false) ["acceptable_h"]=> int(0) ["acceptable_w"]=> float(150) ["max_image_width"]=> int(1400) ["image_full_width"]=> int(900) ["percent_width"]=> int(1) } [2]=> array(10) { ["media_query"]=> int(300) ["url"]=> string(77) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-480x304.jpg" ["width"]=> int(480) ["next_break"]=> int(480) ["ratio"]=> bool(false) ["acceptable_h"]=> int(0) ["acceptable_w"]=> float(300) ["max_image_width"]=> int(1400) ["image_full_width"]=> int(900) ["percent_width"]=> int(1) } [3]=> array(10) { ["media_query"]=> int(480) ["url"]=> string(77) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance-768x486.jpg" ["width"]=> int(768) ["next_break"]=> int(768) ["ratio"]=> bool(false) ["acceptable_h"]=> int(0) ["acceptable_w"]=> float(480) ["max_image_width"]=> int(1400) ["image_full_width"]=> int(900) ["percent_width"]=> int(1) } [4]=> array(10) { ["media_query"]=> int(768) ["url"]=> string(69) "https://weabenefits.com/wp-content/uploads/2020/08/life-insurance.jpg" ["width"]=> int(900) ["next_break"]=> int(900) ["ratio"]=> bool(false) ["acceptable_h"]=> int(0) ["acceptable_w"]=> float(768) ["max_image_width"]=> int(1400) ["image_full_width"]=> int(900) ["percent_width"]=> int(1) } }
If you’re interested in purchasing life insurance, figuring out the coverage you need can be daunting.

Here’s a simple formula:

  1. SURVIVORS’ FINANCIAL NEEDS
    Final expenses + debts + income needs
  2. SURVIVORS’ FINANCIAL RESOURCES
    Survivor benefits + your assets + your resources + group life insurance
  3. DO THE MATH
    Financial needs — Financial resources = How large a policy to buy

Try out our free life insurance comparison quote. No personal or contact information is ever required.

Many people are underinsured because they skip these simple steps. It’s also important to consider the timing of when your financial resources will be available to your family.

Speak with the experts at Associates of Clifton Park. They offer a variety of policies and can go through all of the factors you may want to consider. Give them a call at 1-800-893-1621.

Source: Insurance Information Institute.