Do I Need Life Insurance?

“Do I need life insurance?” If you have a partner, child, or family member who relies on your income for their financial health, you may ask yourself this. The answer is likely that you do.

There are many types of life insurance coverage that cater to different budgets, financial needs, and even health statuses so that anyone can find the right coverage.

You need life insurance to help provide a safety net for your family if you were no longer around, which makes it one of the most selfless gestures you can make. The proceeds of a policy offer valuable financial comfort to help your family cover bills like the mortgage, childcare, and other day-to-day expenses.

In exchange for the benefit of being insured, you pay premiums to your insurance company. It really is that simple.

You might need insurance coverage to protect your family when it counts the most.

• during the years when your children are young
• you still have a mortgage or student loan debt, or
• you and your spouse are still saving for retirement

You might wish to obtain coverage for long-term financial goals. Permanent coverage throughout your life can

• build cash value and greater death benefits
• potentially reduce estate taxes (if you have an ultra-high net worth)
• provide financial leverage by accessing cash value prior to death
• grow with the markets (indexes) usually for greater gains over the long term.

We at the Ziff Agency help take any mystery out of the process of buying the right coverage that fits into your budget, We will also help you discern how life insurance can fit into your overall financial plan.

We’re helping you put first things first. Remember, you’re buying a life insurance policy to protect the most important people in your life.