Do you need a company that can provide you with reliable life insurance quotes in Mount Vernon/Burlington? American Insure-All® strives to be there for all of our clients so that you can guarantee the utmost in care for your family. Our agents went to help you design policies around your family’s needs while staying well within your budget.
It may be a grim thought to have to consider life insurance, but it’s a smart investment, especially for young families. If you’re looking for a life insurance policy on a budget, here are some tips to help you get the most out of designing your plan:
Know how much you need
Here’s a simple rule of thumb to help you figure out how much life insurance your family needs:
Add up all of your projected expenses. This includes debts, rent or mortgage payments, monthly living expenses, childcare, and future tuition costs for your children. Subtract that amount from the surviving spouse’s expected income and other assets, including investments and savings. This difference can give you an idea of how much you need when you purchase a life insurance policy. Many providers also have life insurance calculators to make the process even simpler. Take advantage of those, so you have a good idea of how much insurance to purchase.
Make sure your coverage is enough
If both you and your spouse are breadwinners for the household, it would be ideal for both of you to get life insurance policies. Even being a stay-at-home parent is worth getting insured. If something happens, the care you provide for your home can be covered under a life insurance policy, even for spouses who do not currently work.
Choose a beneficiary
If you pass away, you need to name somebody to receive the death benefit on your insurance policy. In this case, you’ll want to name the spouse or children to ensure that they are taken care of in the event of your passing.
If you’re ready to help your family start on the right foot with affordable life insurance quotes in Mount Vernon/Burlington, American Insure-All® wants to help you secure the best coverage for the needs of your family. For more information about our family life insurance services, or to get a free quote for your insurance needs, call our team today at (888) 411-AUTO.