Do you have enough life insurance
October 4, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Scripture is clear that families provide for their own members. I Timothy 5: 8. A valuable resource is life insurance. Term, whole, variable, how do you determine what is right for you, your family, your season of life?
V What protection do you need? Consider these three categories
Final expenses: Burial or cremation $5,000 to $10,000. Final illness.
Existing debts: Mortgage, car payments, credit card debt
Income replacement: most families are dual income families. What is needed to compensate for that loss?
The most cost efficient life insurance is term that can be modified in life’s seasons..
M On line tools can help you calculate needs. Do you love your family? Of course. Then make adequate provision.