The need to provide loved ones with financial security has heightened since the pandemic.  A recent LIMRA survey found that 44% of households say they would face financial hardship within six months if the primary wage earner were to die prematurely.  For 28% of households, financial hardship would hit within one month.

Imagine how your family would survive on only one income.  Would they have to change their lifestyle to be able to make ends meet?  Would your spouse need to take extra time off of work to grieve?

These are hard questions, but they are a reality.  Consider how much money your family would need to pay off debt, have extra income and pay for final expenses.  Tally the number and it will give you a good starting point for how much life insurance coverage you might need.  Consider buying term life insurance to pay off the debt that is temporary.  Consider buying a permanent life insurance policy to pay for final expenses.

Check with your independent agent to see what options might be best for your situation!