Get the Coverage You Need Without Hassles
Life insurance is an investment in lives: the life of those you leave behind, the lives of those that you care about most in this world. The most common excuse given for why people don't want to shop for quotes is that they feel they have plenty of time and aren't going to die anytime soon. Most of them are right, but some of them are not, and it is the lives of those that remain that are forever touched in a negative way by that mistake. Considering auto insurance today is the first step in showing a level of caring for those who surround you.
Choosing Your Beneficiary
When you are shopping for life insurance, you are likely to be keeping in mind one or more persons that you are trying to protect with the policy in case something happens to you. Spouse, children, parents, or even roommates can be designated as beneficiaries of any amount or percentage you choose of the total available to you in the policy that you select and maintain. The price estimates you receive will allow you to select from a variety of beneficiary payment amounts from as little as a thousand dollars for some policy, to millions of dollars for others.
Finding the Right Policy
So how do you know how much protection you need for your family? Making that decision is a personal choice, but there are formulas available that can help you reach a logical conclusion. Most experts recommend 10X your annual income as a family for your beneficiary amount, which means that if you or your spouse (or both), earn $50,000 per year, you should have a $500,000 policy at a minimum. Of course, you should discuss with any (adult) beneficiaries, any extenuating factors that might cause you to want to raise that amount, such as if you are paying off a $400,000 home together and will want to make sure the surviving spouse can pay off the home with the death benefit, you will want to increase the amount received.
Other factors, such as the type of insurance, whole, life, universal, variable, etc. will of course factor into your decisions regarding coverage and the type of policy you choose. You can receive free quotes from providers in our large, national network by simply filling out the form on this page. Your quotes will arrive instantly for you to compare at your leisure before making a decision.