Do You Need Life Insurance?

Life insurance is something that most people consider at some point in their life. However, it can be difficult to really determine if you need it and if you do, how much you actually need. It is also something that many people do not want to think about very often but it can be necessary. Before you go out and purchase life insurance, use these questions to help determine how much you need and if you should purchase it right now.

  • Do you have debt? If you have a substantial amount of debt to pay for, then you may want to get enough life insurance to cover the costs so that someone in your family does not have to take on the burden after you pass. 
  • Do you have family members who rely on your salary to survive? If you are responsible for taking care of someone, whether it is a spouse, a child, or a parent, then you will want to make sure you have enough life insurance to take care of them in the case that you were no longer there. Make sure you have enough to take care of them until they can get back on their feet. 
  • Do you have money to take care of funeral arrangements? After you die, if you are wanting a funeral, to be buried, or even be cremated, then you should make sure you have enough money in your life insurance policy to pay for those expenses so someone doesn’t have to do it for you. 

If you would like to look at your options for your life insurance, you should contact us at Colling Insurance Services, Inc. It can be difficult to figure out the right amount and we would be happy to explore all of your options with you.