How Much is Enough? (Life
Insurance, That Is!)
It is actually quite easy to
figure out how much life insurance is enough to protect your family.
Ask yourself, "When
will I be able to comfortably stop working?" Let’s suppose that
your answer is, "In 10 years." That means your family is relying upon
you working and earning your income for the next 10 years. The amount of life
insurance you need is your current paycheck, times the number of paychecks you
receive each year, times 10 years.
Paycheck $________
x number of paychecks per year ________
x number of years you plan to work _______
= life insurance needed $________
When something happens to
you, your family can invest that life insurance money to keep pace with
inflation and withdraw cash as needed.
The good news is that longevity improvements and competition between carriers
has made life insurance very affordable. Your family’s peace of mind is worth
the modest amount you will pay for this important protection.
CornerStone Financial
Whether your
nest-egg is worth millions or thousands,
You and your
family deserve it more than the government....
We are here to help you with all of your
financial and insurance needs. Our skilled professionals are licensed with
over 100 top name companies and can help you gain a better understanding of the
concepts behind insurance including investing, retirement and estate
planning. There are literally thousands of products to choose from,
but we can help pinpoint what is best for you and your situation. Please
do not hesitate to contact us if you have questions.
Contact:
Eric Tuttobene
President/CEO
CornerStone
Financial
(615) 427-8780
IMPORTANT DISCLOSURES
The
information presented here is not specific to any individual's personal
circumstances.
To the extent
that this material concerns tax matters, it is not intended or written to be
used, and cannot be used, by a taxpayer for the purpose of avoiding penalties
that may be imposed by law. Each taxpayer should seek independent advice from a
tax professional based on his or her individual circumstances.
These
materials are provided for general information and educational purposes based
upon publicly available information from sources believed to be reliable—we
cannot assure the accuracy or completeness of these materials. The information
in these materials may change at any time and without notice.