Life Insurance is an Essential Part of Any Financial Program

Life insurance is coverage that many of us don't like to think about, but it is an essential part of any financial program. There are a wide range of life insurance policies available, so it's important to talk with your Valeri Agency specialist about the options. Having adequate insurance coverage is essential during significant life changes. Policies can used to pay off a mortgage in the event of the death of a loved one, to cover future education expenses, fund a business buyout agreement, and more. The type of policy and limits you need will depend on your personal financial goals.

Here are just a few important things to keep in mind when purchasing life insurance:

• A common rule of thumb is that life insurance should provide seven to 10 times the insured person’s annual salary.
• There are a variety of policies and limits to meet any budget. Many prospective clients (young and old) overestimate the cost, which can often be less than a monthly cable bill.

In general, there are two types of standard life insurance available:

• Permanent: coverage for your entire life
• Term: coverage for a limited number of years

Term life is usually much more inexpensive than permanent, due to its shorter time span.

Contact the Valeri Agency today to find out which coverage is best for you!