Our agency is proud of the top rated life insurance companies we represent, including Midland National Life for permanent and term policies, and Saving Bank Life Insurance for level term insurance policies. We also have extensive brokerage arrangements for situations where unusual or difficult underwriting issues create unique problems.
How much life insurance should I buy?
That 
depends on your needs. For newly married couples where both are working, just covering the mortgage is a good first step. Unless there is an imminent expectation of a child or children, this may meet your needs adequately. Term insurance is a bargain; we shop this for you.
Once children enter the scene, we'll help you quantify the value of your future income(s), less existing assets to come to a reasonable life insurance amount. Here your need is based on the amount of income to replace for wage earner(s), for as long as it takes the surviving dependents to become financially independent. This of course, could run out 15, 20, 30 years, or longer, so either longer period guaranteed term, or permanent insurance make sense here.
For people with estate tax issues (such as where a large percentage of an estate is made up of illiquid assets such as real estate or a closely held business), calculating today’s tax liability and projecting tax liability into the future is a first step. Consult your attorney about whether an insurance trust may be justified. An insurance trust can help you keep insurance proceeds outside of the estate, reducing the taxable estate size, and providing important liquidity. This can get quite complex, so should not be entered into without professional participation and guidance. We network broadly, and can bring in appropriate experts as needed.
We are happy to work with customers individually in determining these needs and finding the most economical solutions possibe.
Contact us today for more information about Life Insurance or fill out our online quote form.
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