Levels of Coverage and the Cost

How much insurance coverage do you need?

Your first priority is to mitigate risk in your financial life, so you don’t leave a burden behind for loved ones.
Here are a few things to consider:
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• Other insurance policies you have
• Your income
• Total Net worth
• Family needs and expenses
• Current Debt

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How much will life insurance cost me?

It all depends on the type of coverage you choose. Generally, term insurance is more affordable than permanent insurance. There are a lot of factors that determine the cost of your policy, including:
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• Health - family history, chronic diseases and lifestyle can increase cost.
• Gender - Women live longer than men on average, so their insurance may cost less.
• Occupation - Are you in a dangerous job? Your insurance costs can be higher.
• Age - Younger clients on average have cheeper policies.

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