No matter your age, a life insurance policy is a wise investment.

There is really no bad time to speak with a Bearingstar agent about getting life insurance, but we do encourage clients who are young and just starting out to not put it off too long. Whether you have a family now – or plan to in the future – having a comprehensive life insurance policy in place may be the single most important way to safeguard those you love.

Whether you are 25 or 65, there are a few factors you should consider when deciding the correct amount of life insurance coverage to protect you and your family. We realize these are very delicate issues to think about, so you may find that working with a Bearingstar agent makes the process more comfortable. Below are a few questions to consider when thinking about purchasing life insurance to determine an appropriate coverage amount.

  • How will your part of the household income be replaced? Whether you are the sole provider in your family or you and your partner both contribute to the income, you want to make sure that your family is able to continue living comfortably. The proper life insurance policy will help them continue the lifestyle they are used to.
  • Do you have children? If the answer is yes, then we know you want to ensure that they will be taken care of after you’re gone. By adding extra coverage to your life insurance policy, you will be able to do just that. Also, your Bearingstar agent can review any college funds you may have set up which potentially can be integrated with life insurance in order to better provide for your children.
  • Have you thought about the type of funeral you would want? Your life insurance policy should include enough coverage for related expenses. Funeral costs can often be a burden to loved ones, so making arrangements ahead of time for these expenses to be taken care of will be an immense relief.
  • What if there are medical expenses left after your passing? These potential costs should also be factored into your life insurance policy. In the event of your death, you don’t want your loved ones to struggle with paying medical bills. You can make sure that this does not happen by having the appropriate life insurance coverage in place.

There are many things to think about when choosing the right life insurance option, so it can feel like an overwhelming decision sometimes. But this is why it is so wise to work with an experienced insurance agent to secure a policy today. And, a life insurance policy is virtually maintenance free: You will only need to revisit the coverage with your agent if and when you have any major life changes.

If you would like assistance with finding a quality life insurance policy, please call Bearingstar Insurance today. We will provide you with caring and knowledgeable service and find you a life insurance policy that fits your specific needs, now and for the future.