A death in the family is not only emotionally devastating, it can also take a tremendous toll on the future financial security of a family.

Suddenly, without the deceased’s income, paying the mortgage or providing for a child's college education may become much more difficult.  

Those who buy life insurance do so to help ensure their loved ones are taken care of financially.

Life insurance is a promise by an insurance company to pay those who depend on you a sum of money upon your death. In return, you make periodic payments called premiums.

Premiums can be based on factors such as age, gender, medical history and the dollar amount of the life insurance you purchase.

In the event of your passing, life insurance provides money directly to the individuals you select, your beneficiaries, who can use the money as they see fit, including:

• Replacing lost income

• Covering basic living expenses

• Paying household debts, estate taxes and funeral expenses

• Funding a child’s education

• Supplementing retirement savings

The amount of life insurance a person should have depends on several factors, including their financial obligations, lifestyle, and future goals. 

A general rule of thumb is to have life insurance coverage equal to at least 10 times one's annual income. 

This can help ensure that beneficiaries have enough financial support in case of unexpected events like premature death. 

Other factors to consider when determining the appropriate amount of coverage include outstanding debts, mortgages, college expenses, and final expenses.

It's essential to evaluate one's financial situation carefully and consult with a financial advisor or insurance agent to determine the appropriate amount of life insurance coverage for individual needs.

Policy owner -

The policy owner is the person who owns the life insurance policy. In many cases, the policy owner is also the person who is insured by the policy. However, the policy owner may also be a relative of the insured, a trust, partnership, or a corporation.

Beneficiary -

A beneficiary is the person(s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Premium -

Premiums are the payments made to the insurance company to purchase and keep a policy active.

Death benefit -

A death benefit is the amount paid to the beneficiary at the time of the death of the insured.

Face amount -

The face amount of the policy is the amount of the death benefit as stated in the policy. This does not include additional amounts that the policy may provide.

Insured/insured life -

Insurability refers to how likely an applicant is to be offered coverage based on current health, medical background, family history and other factors.

First, you can expect to get to know me and, likewise, for me to get to know you and your unique situation. 

I will conduct a thorough review of your current financial situation, potential risks, and coverage options available.

You will also have the opportunity to ask any questions and receive answers from a knowledgeable professional who can help clarify complex insurance concepts.

By the end of the consultation, you should have a clear understanding of the coverage options available, their benefits, and costs.

The goal of the consultation is to help you make an informed decision about the best life and health insurance options for your needs.