When buying life insurance, you want a policy that fits your needs at a reasonable cost.  First, you will want to determine how much life insurance you need.  Next, you need to decide how much money you can pay toward your life insurance policy.  Finally, you must choose the type of policy that meets your coverage goals and financial plan. 

Choosing the right policy is very important.  You will need to talk to an agent. The agent will ask fact-finding questions and do a needs analysis to determine how much life insurance you need.  The agent will also help you decide what type of policy is right for you.

There are many reasons for purchasing life insurance, below are just a few:

  • Insurance to provide family protection and financial security to surviving family members if the insured dies.
  • Insurance to pay off a home mortgage, commonly called mortgage insurance, if the insured dies.
  • Business insurance for partners to compensate a company on the death of a key employee or to provide a surviving partner the funds to buy out the deceased partner’s share of the business.
  • Insurance to provide funds to pay estate taxes or other final obligations to settle a deceased person’s estate.
  • Insurance to provide funds for the deceased person’s burial.        

As always, if you have any questions or concerns contact your insurance agent or a www.Starkquote.com insurance agent.