No one likes to think about it, but what if the unexpected happens, and you pass away sooner than anticipated? Will your loved ones be able to maintain their quality of life? It's crucial to plan for such situations to avoid further heartache.
Goal: To estimate how much life insurance you need, use this free calculator: [CLICK HERE]
Risks: Be mindful of these risks - not having enough coverage, paying for unnecessary coverage, having insurance expire while the need remains, and losing group insurance upon leaving your employer.
Other People: Consider who you want to protect, who should own the policy (you, spouse, or trust), and who should be the beneficiary. Look into what benefits are available through your employer.
Time: Think about how long you need the coverage. For instance, college costs are temporary, but living expenses are ongoing.
Question: Are you prepared with enough life insurance coverage?
Remember, if you have any questions or concerns, it's always wise to consult with a financial professional. They can help guide you towards the best options for your unique situation.