Life Insurance - How much should you have?

The old rule of thumb was that you should maintain about 6 to 8 times your salary in life insurance. With the costs of everything increasing, the new guideline is 10-12 times your salary.
Life insurance does a number of things. When you are younger, it will pay off the house, put the kids through college, pay of any loans and provide for your spouse to have an income to live off of. When you are older and the kids are gone and the house is paid off, you may want to consider life insurance to pay your estate taxes.

Life insurance is also a way to pass your estate onto your heirs. We can help you do this. Call for more information.