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Do you need life insurance?

If you answer "yes" to any of the following questions you need some life insurance. Do you have:

• A mortgage?  Auto lease?  Car payment? Credit card or other debt?
• A spouse? Kids at home? Other dependents?
• Business leases? Business loans? Business partners?
• An estate that may be taxable upon your or your spouses death?

In short, you need insurance...

1. If you love somebody, or
2. If you owe somebody, or
3. If you are needed by somebody

What kind of life insurance do you need?

• If you have no financial obligations to protect after 20 years, term insurance might be perfect.

• Obligations over 20 years require other more permanent plans such as universal life insurance.

• Many clients require a mix of term and permanent insurance.
• The best policy to buy is the one you can afford, both now and in the years to come.

How much life insurance do you need?

• There are too many variables to give a simple answer. This is the hardest part of the process.
• There are no good "rules of thumb." You need to talk to a good independent advisor, one who will have your interests at heart and recommend the best financial products to meet your needs.