Is Your Life Insurance Coverage Enough?

Is Your Life Insurance Coverage Enough?

November 22, 2022

Does Your Insurance Coverage “Protect What Matters Most?”
September was Life Insurance Awareness Month, and regardless of where life finds you this fall, now is a great time to revisit if you have the coverage you need to provide for your family and loved ones. This is especially important if your household earnings have increased since you last investigated a policy. Consider:

  • If you have dependents who rely on your income, coverage worth at least six times your annual salary is a good place to start. Some experts even recommend coverage worth 10 to 12 times your salary.

  • Your employer may offer group term life insurance as part of your employee benefits package, which is a nice perk. But unless you’re single or have a spouse who isn’t dependent on your income, group term is rarely enough. Not to mention, if you change jobs, your policy won’t go with you.

The best way to know you have the right type and amount of coverage is to talk with an insurance professional and get a personalized quote that accounts for your unique place in life.

Would you like to discuss this more or have me pull together a quote? I’m happy to–just give me a call or send me an email, and we can get started.

Annie Clark, Clark Financial Partners