What Should I Consider When I Actually Buy Life Insurance?
Here are some questions to ask yourself:
- How much of the family income do I provide? If I were to die early, how would my survivors, especially my children, get by? Does anyone else depend on me financially, such as a parent, grandparent, brother or sister?
- Do I have children for whom I`d like to set aside money to finish their education in the event of my death?
- How will my family pay final expenses and repay debts after my death?
- Do I have family members or organizations that I would like to leave money?
- Will there be estate taxes to pay after my death?
- How will inflation affect future needs?
Remember to include individual, employer group insurance, veteran`s insurance and any other assets such as savings and investments. Don`t forget Social Security and pension plan survivor`s benefits.
Speak to an Experienced Life Insurance Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified life insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local life insurance attorney to discuss your specific legal situation.
Additional Life Insurance Articles
- What Are Some Important Initial Considerations?
- What Are Some Important Considerations In Choosing My Policy?
- What Is The Right Type Of Life Insurance For Me?
- What Is A Level Term?
- What Is An Annual Or Yearly Renewable Term?
- What Are The Benefits Have Having Term Insurance?
- How Are The Premiums Determined?
- How Do I Select An Agent And A Life Insurance Provider?
- What Should I Do With My Current Policy?
- What Are The Different Types Of Life Insurance Policies?