For many families, life insurance can feel like an uncomfortable topic. In order to discuss life insurance, we must face the reality that our time here is short. Many people would rather ignore the issue altogether, rather than discuss this reality. At Gardner and Gardner Insurance Agency, serving Michigan, we understand how difficult this can be. That is why we are always available to help our clients and future clients navigate these sometimes challenging topics. Keep reading to find out what you need to know about life insurance.
Why Is Life Insurance Important?
We spend time and money investing in the things that are important to us. We invest in our education, our careers, our homes, families, and our future. Life insurance is just another way you can invest in the things that matter most to you. If you have a spouse and children or other dependents, they look to you for care, provision, and security. When you pass away, these needs do not disappear. If you are an income provider in your family, then these needs will become more complicated when your income is no longer coming in. Life insurance is a way to make sure your family can continue to receive the care and security they need even after you are gone.
How Much Life Insurance Do I Need?
This is a very common question from people who are purchasing their first life insurance policy. The answer to this question will vary from family to family. Each family has its own unique, individualized needs. Your standard of living could be vastly different from another family. For these reasons, the amount of life insurance you should purchase will be unique to your family. The best way to determine how much life insurance you need is to sit down with a professional and discuss it.
If you would like to learn more about life insurance, please call our friendly staff at Gardner and Gardner Insurance Agency, serving Michigan.