How much life insurance is enough is something that only you can determine based on your personal life and finances. Having an independent insurance agent who will work with you to get you the right life insurance at a price that you can afford is a must. At Affinity Insurance Partners in Pittsburgh, PA, we believe in fostering a personal relationship with all of our clients. We need to know you to find the right products for you.
How old are you? That is the first determining factor when it comes to thinking about how much life insurance you need. The younger you are, the lower your risk of dying. You also have a lot fewer assets and less need for protection. While this is a general statement and you may be an exception, it is one of the things you need to consider.
Who counts on your income? Are you supporting anyone other than yourself? If you have a significant other or a child, your need for life insurance is significantly higher than if you are single with no dependents.
Who would be responsible for our final expenses if you should pass away? Are they in a position to pay for them if you don’t have life insurance to cover them? Do you have enough savings to cover any outstanding debt that you may have? If you don’t, then you need enough life insurance so that you don’t leave your loved ones holding the bag.
Life insurance is a safety net that provides for your loved ones and you need enough life insurance so that they are provided for as long as they have need of the help. Only you can determine what that figure is.
Contact Affinity Insurance Partners in Pittsburgh, PA when you are ready to sit down and discuss your life insurance needs.