One of the most frequent questions people ask about life insurance is how much is enough? No one answer is right for every person, everyone has different needs and different components that go into that decision. Having an insurance agent who really gets to know you can help you come up with the right figure. At Amy Tounget Insurance Agency LLC Midlothian, TX, we’re locally owned and dedicated to making sure our customers get exactly what they need at a price they can live with.
When you are young, you have very few liabilities to worry about. In many cases, no one depends on you, you don’t own a home, you have a car loan, and maybe a little credit card debt. You may have enough assets to cover these in the event you pass away, but do you have enough for your final expenses? That is all you need to worry about at this point in your life.
Once you start a family, everything changes. You have people who depend on your income. This requires that you take a really good look at what you have for life insurance. You can’t count on what is provided in your benefits package. There is no guarantee you will continue working there. You need to be in control of the amount your family will receive if something happens to you. You need up to 10 years of your income to make sure your family can continue to maintain the lifestyle they currently have.
When you retire, chances are that all you need, as far as life insurance, is enough to make sure that your final expenses are covered. Talk to your insurance agent to determine what your current needs are.
Contact Amy Tounget Insurance Agency LLC in Midlothian, TX when you are ready to discuss life insurance.