There are many reasons for an individual to own life insurance coverage.  Perhaps the most compelling reason is to purchase a death benefit which will provide for the financial needs of their survivors.  

Determining how much life insurance coverage you need is a four step process:

1. Determine total short term needs in the event of your untimely death
2. Determine total long term needs in the event of your untimely death
3. Determine total resources available to family members
4. Provide insurance coverage for any remaining shortfall

In an ideal world, we would each carry sufficient life insurance to continue to provide a lifestyle for our survivors similar to what they enjoy now, with us here.  We cannot always afford to fully cover our survivor needs, particularly in our early years. 

However, life insurance comes in many shapes and sizes.  By carefully considering the type and amount of life insurance that best meets your needs you can ensure that you have provided for your family's monetary needs, even if you are not here to do the providing.

We can help you determine the amount of life insurance that will best suit your needs. We can also help you decide which type of life insurance (whole life, term insurance. universal life, variable life, etc.) would be best suited for your situation.

Remember, life insurance is not for you, it's for your loved ones.

Chart © Insurance Information Institute (www.iii.org) - Used by permission