Introducing Evertree Mountain States
No beneficiary of life insurance has ever said, "Wow, they had too much insurance". But how much life insurance is enough? There is a fine balance between the amount of life insurance that will protect your family and the amount you can afford to have. You need to consider several factors when coming up with the perfect amount. Your independent insurance agent can help you to determine that amount and help you find a policy to fit your budget. If you live in or near Arvada, CO, at Evertree Mountain States we have spent almost 30 years building strong relationships with our customers
No matter what your age, you should have enough life insurance to pay any debt you have. Obviously, your debt may fluctuate and isn’t the same at all periods of your life. Somethings are static, however, like a mortgage payment. If you always have a car payment, keep that in mind as well. Included in this figure should be enough money to pay for your final expenses which depending on what you want can be quite expensive.
People who count on you
When you are younger, it can be elderly parents or a sibling who you are helping out. As you mature it may increase significantly when you marry and if you have children. When your children are young, losing a parent will be devastating and even more so if they can’t continue to live in the home they are used to. The age of your children affects how much life insurance you need.
Considering these things, experts recommend 7-10 years of income in life insurance. The amount you will need is directly related to your yearly income. As your children grow up and move out, you can reassess the amount of life insurance you need.
Contact Evertree Mountain States in Arvada, CO for your life insurance needs.