Sometimes, we all need to contemplate our mortality. That’s not a philosophical issue, but a practical one if we want to make sure our loved ones thrive after we’re gone. Boca insurance company Seeman Holtz Property & Casualty can make that review easier.
Life insurance seems pretty straightforward. You pay your premiums and when you die, your heirs receive a payout from your insurer. But life insurance is more than that, and you’ll want to know several things about this crucial financial product.
Here are a few things to consider when you consider life insurance.
Do you need life insurance?
The short answer to the question of whether you need life insurance is most likely, “Yes.” It is certainly yes if you have someone who depends upon you and your livelihood.
As Boca insurance company Seeman Holtz puts it: “Life Insurance is one of the most important investments you can make. It is an investment in yourself and the future of your loved ones, and it is a way to secure your financial responsibilities to your family. Your life insurance policy can be used to pay off debts and estate taxes, provide money for continuing mortgage payments, and keep your business up and running upon your passing. At Seeman Holtz Property and Casualty we are happy to help you with all your Life insurance needs.”
How much life insurance do you need?
You may need more life insurance than you think. The Consumerist writes: “A $1 million dollar policy may seem like a lot, but if you have a spouse and two young kids who aspire to college someday, and you have some debt, $1 million may not get them very far if you want them to maintain the lifestyle they’ve become accustomed to. How much coverage you need depends on your salary, whether or not your spouse works, if you may need child care, and the debt you may leave behind: college tuition, credit card bills, a mortgage, and more.”
The experts at Boca insurance company Seeman Holtz Property & Casualty are ready to help you get the right coverage.