Friday, June 20, 2014

How Much is Enough?


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.