Under-estimating your families life insurance need – life insurance mistake #2

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Posted on 14th April 2011 by Rita in Life Insurance |Life Insurance Mistakes

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life insurance mistakes

Under-estimating your families life insurance need. People often underestimate the amount they should purchase.  There are a number of on-line calculators to help with this.  My suggestion: use a North Coast Life Life Insurance Needs worksheet and the Life & Health Insurance Foundation for Education calculator.  When you would like to reseach this on your own.  But always speak with a qualified representative, who will be able to identify and assess needs you may not have thought about. Besides Licensed representatives can provide you with the best product options for your unique situation.

The Life Foundation asks two great questions help get you started with this very important need…

  1. How much will be needed at death to meet immediate obligations?
  2. How much future income is needed to sustain the household?

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

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