Longmont Life Insurance
We understand that a conversation about life insurance is not always an easy one, but should be part of your long-term planning. There are many good reasons to consider purchasing life insurance. Life insurance gives your loved ones the resources to pay off debt, continue living the same standard of living and provides added financial security.
How Much Life Insurance Do You Need?
Once you know this, we can provide you with limit and pricing options. Here is an example for you to consider.
Savings $ 800
Under this example, it takes around $5,000 of after-tax income to sustain your family. If you are gone, we might expect your family to need that same amount of after-tax income still. You would need an investment amount of $500,000 to see an average return of 10% or $5,000 annually. We understand that investment returns change over time, but this is a reasonable approach.
Click here to use our income replacement chart
We recommend term life insurance which is very cost effective. The price is based on how much coverage you need, current age, and length of time you would like the coverage. You pay as you go and can drop the policy at any time.
For the purchase or information on any kind of personal insurance products for clients in Longmont, Colorado, contact our agent Steve Longenecker.