Life insurance Norristown Pennsylvania
Call the life insurance experts at 215-646-5633.
We can help you choose the most appropriate life insurance coverage for your needs.
We offer the best rates on life insurance in Norristown Pennsylvania.
Life Insurance Is Important Don’t Take the Chance without It.
Most of us are aware that we need life insurance but there are two questions that we really need to consider:
- Do I have enough life insurance?
- Did I buy the right kind of life insurance?
Do I Have Enough Life Insurance?
This is an excellent question to consider when shopping for life insurance in Norristown Pennsylvania. Purchasing the wrong amount of life insurance protection, especially if you are the breadwinner, could leave your loved ones in a very precarious situation financially in the event of your premature death.
How Can You Determine How Much Life Insurance to Buy?
There are a number of very complicated formulas that a person can use to determine how much life insurance is needed. A simple way to calculate your life insurance needs is to base that amount on your annualized earned income through your employment.
Let’s assume for a moment that you are the main breadwinner and you have children or others that are dependent upon your income.
Let’s also assume that you earn $60,000 per year. Multiply $60,000 by 10 years and that would imply that you need a minimum amount of $600,000 of life insurance protection.
Why would I need that much life insurance?
In reality $600,000 would only last around 10 years assuming that your surviving family members loved ones withdraw only $60,000 per year from the total proceeds of your life insurance amount.
How can families afford to buy a sufficient amount of life insurance?
Pricing on Life insurance Norristown Pennsylvania, It’s More Competitive than You Might Imagine!
Call us today at 215-646-5633 and speak with one of our life insurance experts for an exact quote. We offer some of the most competitive rates on term life insurance in Norristown Pennsylvania.
In our next article we will discuss the question: Did I buy the right kind of life insurance?