We spend a lot of time talking about how much life insurance costs,but there’s another dollar value that’s even more important to consider: The amount your bereaved family members will receive. Is it enough to support them? Is it sustainable? These are the few of the many questions every policyholder needs to ask.
- How much would it cost to meet the actual burial obligations? – The amount must cover all final expenses, uncovered medical bills, funeral and estate-settling costs, outstanding debts, mortgage balances and education, to name a few.
- How much will it cost to sustain your family’s way of life? – This is the number you’ll expect after you calculate the “present value” of the current cash flow. The result is the amount your family will receive after you pass away.
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Life insurance is indeed a necessity for every household. If you’re interested in speaking with a professional about the right life insurance coverage for your family or to get rates give our agency a call today at (407) 878-7979.