Life insurance provides security and peace of mind that our loved ones will be financially taken care of even if we are no longer around. However, how do you know if you have purchased enough or gotten the right policies?
For many (including us) the first foray into life insurance may have felt like shooting from the hip…”yeah, that sounds about right.” But since then life (and the cost of life) has changed. Are those initial policies still enough?
Also, those first policies were likely term life insurance. Certainly a good thing to have, but will it sustain your family’s needs or your own needs over time? Would it make sense to diversify? With so many different types of polices it can be confusing, complicated, and overwhelming to assess.
This video will walk you through some easy ways to gauge whether you have enough life insurance. It also explains different types of other life insurance strategies and policies for you to consider. For any even deeper dive into various insurance options, click here to see our prior blog post about life insurance.
Don’t wait to watch this video to learn more about what you might not already know. If you have more questions, we’d love to hear from you!
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Kevin Snyder is a husband, father, and an attorney at Snyder Law, PC in Irvine, California. He is all about family and is passionate about educating his community about trust and estate planning, veterans issues, and how to protect what matters most – family, assets, and legacy.