DISCUSSING LIFE INSURANCE

The most common question I encounter regarding life insurance is determining how much insurance an individual needs, and what kind of insurance coverage they may require. There are a few simple starting points that I take into consideration.

How much are your earnings? How much does your spouse earn?
What are your current liabilities – mortgages, cars, credit cards, student loans etc.?

What are your future projected liabilities- children, college etc.?

The next issue is determining what type of life insurance coverage is needed. Do you need temporary, or more commonly referred to as term insurance? Term insurance covers you for a set number of years. Or is a permanent policy through whole or universal life more appropriate for you and your family? Permanent policies are typically for families with special needs children or possible estate planning needs.

Click Here for an explanation of different types of life insurance.

Planning for the cost of life insurance should not be a burden..There are extremely affordable policies in the marketplace, and we would be happy provide you with a number of different quotes and policy types.

Personally, life insurance is extremely unfun. But I promise you this, if for some unforeseen reason your spouse calls me with tragic news we will not be talking stock. We will be talking about how you did the right thing protecting your family.

I look forward to regularly sharing with you my views relating to personal finance. I would appreciate any feedback that you may have, and if you have a topic that you would like me to cover, please email me at

phundley@lighthousecapllc.com or find me on Facebook at Paul Hundley, Lighthouse Capital. Or read more of my blogs at the Lighthouse Capital blog.

Handling Change

  

  Lighthouse Capital LLC – Blog

Paul Hundley of Lighthouse Capital LLC and Joe Mangiacotti Financial/Real Estate Talk Host bring you the best in Personal Financial information weekly.

Join Paul and Joe Saturdays at 7:30 am on WCRN am 830 and WACE am 730 and live streaming on TuneIn

Call Paul Hundley direct at 781-965-8843

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Host: Paul Hundley and Joe Mangiacotti

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Show Number: 508-296-5445

EVER THOUGHT ABOUT YOUR FIRST STEPS TOWARD THE WEALTH STRATEGY YOU WANT?

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Call Paul Hundley direct at 781-956-8843

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