Coverage for all your insurance needs
Offices in Durand and Mondovi, WI
The thought of buying life insurance can be scary, but you want to make sure you and your loved ones are covered in the event something happens to you. We offer whole and term life insurance coverage for people of all ages!
How do I know how much life insurance I need?
How do I know if I need term insurance or whole life insurance?
To determine the amount of coverage:
1. Add your outstanding debt:
2. Add a comfortable amount for funeral expenses ($10,000-$15,000)
3. Subtract other life insurance coverage that you have in place.
Total: $ ______________This number represents the minimum amount of coverage you need.
Next:
4. Add enough coverage to replace 6 months to one year of your income (optional).
5. Add an amount to provide for educational expenses of your children (optional).
6. Add any amount that you wish to leave as an endowment to a church or other organization (optional).
Total: $ ______________This number represents your desired amount of life insurance coverage.
To determine the type of life insurance coverage:
Term life insurance = You are essentially renting an amount of coverage that is price locked for the length of the term.
Things to consider when determining the length of the term:
Whole life insurance = You are purchasing a life insurance policy today that will continue until death or age 100+ (refer to the life insurance companies illustration for exact age).
Budget:
Sharing your ideal budget amount with your agent allows them to customize a program to help meet as many of your needs as possible.