Life Insurance

Living your life one day at a time sounds great in theory, but imagine if you are living your life one day and unexpectedly gone the next, leaving your wife and 2 small children on their own to pay all the expenses that you have been paying month in and out. How will your family survive financially if you are suddenly gone? If you have dependents it is important to have the right life insurance policy in place, but how much life insurance do you need? Some Factors To Consider When Determining Your Plan For Life Insurance These factors below include, but are not limited to: Future Expenses- This may include future education costs of [...]

Many people may find the whole concept of life insurance rather confusing especially when you hear ALL of the different types of life insurance options that are available. Typically life insurance is broken into two main categories. The main types you may hear are “term” and “permanent” which brings you to the everlasting question… Term insurance versus permanent life insurance: What’s right for you? You can’t answer that question without knowing some basic differences between the two. What is Term Life Insurance? Term insurance is specifically designed for life insurance coverage for only a specified “term”, which may be 10 or 20 years, at a reasonably priced cost. This type of insurance has a death [...]

This question is one that comes up quite regularly and is indeed a good one to ask! Purchasing a North Carolina life insurance policy provides protection for your family and those that depend on you financially, after you are gone, but how much life insurance do you need?  Consider This…  You are a 55-year-old man who is the breadwinner of your family, which consists of a stay at home wife and 3 small children. Without a warning, you die of a heart attack and now what? Will your wife have to go to work now? Who will take care of the 3 children? What will happen to your home if there isn’t enough money to [...]