Connecticut has one of the highest life expectancies in the United States at 80.8 years. Residents of Shelton, CT are lucky to be living in this state but in spite of the high rating death is unavoidable and making sure that those you leave behind are provided for is important. No one likes to talk about death and life insurance but not talking about it doesn’t make it go away. Life insurance is an important part of estate planning and also life planning since not everyone gets to live a long life and if you are taken unexpectedly, provision needs to be made for your dependents. Goodman Insurance Inc. has a team of experienced agents who are looking forward to discussing your life insurance needs with you.
Experts say that if you are married and have a family, ideally you should have 10 to 12 times your yearly income in life insurance. Especially if you have young children or a spouse who is not employed, this makes perfect sense. You would also want to have enough for a college education for your children. Obviously, the amount you need will be affected by the number and age of children and the needs of your spouse. Your outstanding debt including mortgage also has to be taken into consideration.
How much life insurance you need is different at different times in your life. If you are helping to support your parents, you need to add that in. How many years of support you need to provide and clearing all your debt and final expenses are part of the things that figure into the total life insurance you need.
Talking to the knowledgeable staff at Goodman Insurance Inc. in Shelton, CT will help you to come up with that figure. Why not give us a call or stop by our office and let us come up with a plan that fits your needs and your wallet.