4848 Normal Blvd, Lincoln, NE 68506
“I want to make sure they’re taken care of, no matter what happens.” You want to protect what matters most in your life: your loved ones. By choosing the right life insurance, you help make sure the financial needs of your family are met in the in case you are no longer here to provide for them. This gives you peace of mind for you now, knowing your family will be safe and taken care of in the future. Life insurance is needed if anyone depends on you or stands to suffer a financial burden in the event of your death. The money your dependents will receive, “the death benefit,” can help pay essential day-to-day expenses, such as mortgage, groceries, and medical bills, and help your family reach longer-term goals such as your children’s college education, saving for a home or retirement. Life insurance can help loved ones so they are not burdened with debt or forced to sell assets to pay outstanding bills or taxes. It gives them one less thing to worry about during difficult times.
How much life insurance do I need?
Determining the right amount of life insurance you need can be complex. The link below is a very good online calculator to help determine how much life insurance you may need. Please give us a call for a complete review and needs analysis to make sure your family has the right protection it needs.
Types of Life Insurance
There are many kinds of life insurance designed to meet different needs and goals. Most life insurancey fall into two categories: term insurance and permanent insurance.
Term insurance provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. Term insurance is normally designed to meet temporary needs. This type of insurance can be a good choice when you have a need for coverage that will disappear at a certain point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
Permanent life insurance provides lifelong protection. As long as the premiums are paid up, the full face amount of the policy will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time. Because every situation is unique, it is important to review the circumstances with a professional to make sure your needs and goals are being taken care of in the best possible way.