What is Life Insurance?
Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.
Why do I need Life Insurance?
Insurance proceeds are a source of cash to pay the deceased funeral expenses, provide and replaces income, helps create a legacy.
It can allow you to ensure that your family is financially stable after your death.
How much Life Insurance do I need?
This is not an easy question to answer and everyone’s answer will be different. There are a lot of variables that this answer can depend on.
Do you have a family to support?
Are you the bread winner of the family?
Do you have children?
Do you own a home?
How much debt do you have?
Keep in mind that as time pass the amount of coverage can change based on changes in your lifestyle. You can always adjust your coverage.
As an agent I would simply state get what you can afford. If it is affordable, you are more likely to keep the policy over the years.
There are plenty of factors that can be discussed during a consultation to help you figure out the right amount of coverage for you.
End of Life Planning
What is an End of Life Consultant?
What happens when you die? Not rhetorical but really what do you want to happen?
What does that look like?
Where do you want to be buried? What State? What cemetery?
Do you want to cremated or buried? Where do you want your ashes stored or do you want to spread them?
Should your organs be donated?
Who would you like to do the eulogy?
Would you like a religious ceremony or viewing?
How much would you want your family to spend from the policy on your funeral?
An End of Life Consultant assist with planning what happens after death. We help plan everything from the time you die until the funeral, allowing your family the time to grieve. We can plan the funeral home, what to wear, how to bury you, who will give the eulogy, where you would like to be buried and much more. The goal is to get more families to discuss death and plan for it so they can take the time to grieve properly.
Why do I need End of Life Planning?
Death is never an easy conversation to have. Most people refuse to discuss it or we tend to put it off until it’s too late. At Bell Legacy Agency we want to put the conversation at the forefront of your minds, so you can create the plan and be done with it.
It will allow your family to fulfill all your wishes pertaining to your death. Essentially you get to do things your way. Your family will know exactly how to proceed once you pass away. For most clients it gives them a peace of mind, to know that their family will be okay.
Give us a call and let us help guide you through this process!!