Life Insurance - What are some of it's common uses?

• Provide income for surviving dependent family members.
• Preserve an estate - pay federal and state death taxes and other estate settlement costs.
• Pay off loans.
• College education fund for children and grandchildren.
• Equalize inheritances.
• Protect business from loss of a key employee.
• Shift wealth from one generation to another in a cost effective manner.
• Benefit a charity.
• Replace a charitable gift.
• Meet special financial demands of dependents with physical or mental limitations, such as physically or mentally handicapped or learning disabled children, or elderly parents.
• Relieve survivors of financial management burdens by providing the death benefit in the form of an annuity payable for life.
• Create an estate.
• Create a supplemental retirement fund.
• Fund a business continuation arrangement.

How much life insurance do I need?

The Life Insurance Calculator should help you answer that particular question. If not, please don't hesitate to contact us.