Life Insurance

A major change has occurred in the Life Insurance industry. New policy costs have been reduced substantially. This re pricing is based upon the 2001 mortality tables. The old pricing was based upon the 1980 mortality tables. Depending upon your age the 2001 tables are anywhere from approximately 27-35% lower than the 1980 tables.

Our agency is offering a complete review of your current life insurance policies at no cost to you! We have found that if you can qualify for a new contract you will have a choice of keeping your same coverage and reducing your premium or keeping the same premium and increasing your coverage!

Due to the overwhelming response, our agency has contracted with specialist Tom Sellin, President of the Sellin Advisor Group Inc. Tom is a CLU, ChFC with 40 years experience in the life insurance industry and financial, business, and estate planning.

Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.

Assessing Your Need
The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you.

Generally, you should consider life insurance if you have:

  • A spouse
  • Dependent children
  • Aging parents or a special needs relative who depends on you for support
  • Retirement savings that is not sufficient to ensure you and your spouse’s future financial well-being
  • A sizable estate
  • A business

Many factors should be taken into account when determining the right amount of life insurance for you and your family.

Important factors include:

  • Income sources (and amounts) other than salary/earnings
  • Whether or not you are married and, if so, what is your spouse’s earning capacity
  • The number of individuals who are financially dependent upon you
  • The amount of death benefits payable from Social Security and from an employer-sponsored life insurance plan
  • Whether any special life insurance needs exist (e.g., mortgage repayment, education fund, estate planning need, etc.)

Calculating the correct amount of life insurance to buy is not as simple as it appears. We recommend contacting us for help determining the right amount of coverage. As independent agents, we are unbiased advisors that will help you avoid buying too much, show you appropriate optional coverage’s for your need and recommend a company that will best serve your interests.

Life Changes — So Should Your Policy
As events happen in your life, your life insurance coverage may need to change to adapt to your current needs. Some life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement.