September is Life Insurance Awareness Month. We will be posting information all month about a subject no one really wants to think about: what will happen to my family financially when I die?
Some of the topics this month will be:
When do I need Life Insurance?
- Getting married (or already married)
- Buying a home
- Becoming a parent
- Changing jobs
How much do I need?
- Basic formula: (Current and future financial obligations) – (Investments, Spouse’s earnings, and existing life insurance) = Life Insurance Needs
What kind should I buy?
- Term Insurance: provides protection for a specific period of time (i.e. until your children graduate college or your mortgage is paid off)
- Permanent Insurance: offers life long protection
- Whole Life
- Variable Life
- Universal Life
- Variable Universal Life
At Alpha/Omega Coverage, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. In addition, our financial division, Alpha/Omega Financial Services, offers a complimentary financial review to all new and existing clients. Just give us a call at 718-494-4440 or send us a note at Mike@insureSI.com. We want to help you meet your goals, and make sure what’s important to you is protected!
The author is providing the material and viewpoints on a generic informational basis. All references to various insurance policies, coverage terms, policy language, exclusions, definitions etc. are from a broad selection of general insurance information. It is not intended to be used for any specific policy or coverage situation. The views expressed by the author do not necessarily represent the views of the insurance companies it represents. Content has been referenced from Life Happens.