Importance of Having Life Insurance

September is Life Insurance Awareness Month! Do you have any life insurance for you or your family?
Life insurance is important because it protects the most important asset to you and your family, YOU. I always ask my clients if they have life insurance just to get the conversation started and the most common statement is "Ya I have life insurance, its through my job." That's great if you have a job that offers life insurance for you but how much do they offer, who is the beneficiary, and does it stay with you if you quit or are let go? These are all very important questions to ask yourself and if you don't have life insurance, what are you waiting for?
I have my clients write the word DIME out.

Debt
Income
Mortgage
Expenses/Education

Debt-How much debt do you have under your name?
Income- How much do you make annually?
Mortgage- How much in mortgage do you have left?
Expenses/Education- How much in final expenses do you expect to have, and if you have children, how much in education do you plan spending for your children either through high school or college?
Add all of these up and you should have at least that amount in life insurance and if you don't it would be wise to start thinking about that. There are different types of life insurance policies out there. I will post another blog getting into detail of the different policies to choose from. A lot of people don't have life insurance because they think its too expensive but in reality, there is a policy out there for you that you can afford especially if you think about the risks for you and your family if you don't have a life policy. Give me a call or email if you would like more information on some different life insurance policies out there and perhaps get a free no obligation quote prepared for you and your family.

www.eknoinsurance.com