Frequently Asked Questions

A common rule of thumb is 10-12 times your annual income, but the right amount depends on several factors: • Outstanding debts (mortgage, loans) • Future college costs for children • Your spouse's income and earning potential • Current savings and investments • Final expenses and estate taxes We provide personalized analysis to determine the appropriate coverage amount for your situation.

Term Life Insurance: Provides coverage for a specific period (10, 20, or 30 years). Lower premiums but no cash value. Best for temporary needs like mortgage protection. Whole Life Insurance: Permanent coverage with guaranteed premiums and cash value that grows over time. Higher premiums but builds wealth you can borrow against. The choice depends on your financial goals, budget, and coverage needs.