Belmont Buzz

Ensure Your Insurance Needs

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Ensure Your Insurance Needs

Deciding how much life insurance is enough life insurance can be a pretty big decision. There are so many factors to consider, and with all the advice offered, how can you be sure you are doing the right thing for you and your family? Before you can answer this question, it’s important to understand exactly what Life Insurance is, and what it is typically used for.

Your need for life insurance will vary depending on your age and your personal responsibilities. Additionally, the amount of insurance you buy depends on the standard of living you wish you assure for your dependents. Most people approach this as wanting to ensure the standard of living for their family stays the same if something should happen to them. (Contrary to what some movies would have you believe, life insurance shouldn’t be like a lottery win!)

You can also take into consideration the assets and sources of income that will be available to your dependents should you pass away. Many dependent on these assets and other sources of income to sustain families, but typically these benefits do not secure the standard of living you may have in mind. Life insurance is designed to bridge the gap between current assets and needed assets, basically.

To get an idea of how much life insurance you should be getting, Belmont Health & Wealth has developed a very easy to use “Insurance Needs Analysis Tool”. The absolute best thing to do is to take the time to fill this out, then print it and make an appointment with a Belmont financial advisor, to go over the results of your insurance needs analysis, as well as your specific circumstances, and together you can work toward creating the most financially sound choice for you and your family.

Consultations are always free, so you really have nothing to lose. Call Belmont Health & Wealth today!

| Categories: Wealthy Ideas | Tags: insurance, life insurance, quote, analysis | Return
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