Choosing the Right Life Insurance Policy for Your Needs

If you are considering investing in life insurance in St. Augustine area, you’re probably wondering which policy is right for you. With so many options, it can be difficult to choose one that you’re comfortable with. Here are some important factors to consider before you decide:

Children
Do you have young children? If you were not going to be around anymore tomorrow, will they be financially secure? Depending on their age, it’s important to consider how much they will need in order to live a comfortable life with all of the necessities until they reach a mature age.

Debt
How much debt do you have? Do you have a mortgage, a car loan or business loan? Do you have investments like mutual funds or stocks? You don’t want to leave your debt for your family to inherit, so make sure your policy covers the amount they’ll need to get everything paid off.

Age/Spouse
Of course, nothing is guaranteed, but if you’re 25, you likely won’t need as much insurance as you would if you were 55. Being single with no debt means you probably won’t need a million-dollar policy; but if you have a family with a mortgage and other responsibilities, it might be worth considering.

Health
How is your overall health? If you have a pre-existing condition like heart disease it may be more difficult to secure a larger policy, and your premiums may be higher. Your insurance rep can go over the best options if your health is a concern.

Do you have a pre-paid funeral?
Funerals can cost tens of thousands of dollars today; having a pre-paid funeral can ease some of the burden on your family. If you don’t have one, make sure your policy can cover the costs.
Your life insurance rep in St. Augustine can explain the options that are right for you and your unique circumstances.

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