life insurance expert at First Security Insurance

When it comes to our ultimate demise, many people start to clam up. Most of us don’t like to think about a time when we won’t be living any longer, and it feels almost taboo to talk about. However, the sad fact is that every single person will pass at some point and one of the best things you can do to prepare for this moment is one that many people don’t do enough of — getting life insurance.

Life insurance is a type of insurance that will be in place to either pay for a funeral or to cover lost income should you leave family members unsupported. For example, if you have a family and children, you should think about how they would fare without your source of income. Would they do okay? Do you have a spouse with an income source? What is your current amount of debt? Do you want to put any trusts in place for your children? These are all things that you need to consider when shopping for life insurance.

While most everyone needs some type of life insurance, the amount that you get varies widely. Couples with large families or medical needs will want more insurance. If you are a single person with no dependents, then the amount of life insurance you get only needs to be enough to cover funeral expenses or outstanding debts. Many people choose to multiply their annual salary by the number of years they have left until retirement to get their life insurance number. If this is confusing, don’t worry — a life insurance expert at First Security Insurance can help give you advice for your own personal situation! Give us a call today.