how protected is your family?

most people understand that they need to have life insurance, but many struggle with understanding how much.

let’s take a look at what would be impacted from an untimely event.

• Income

• Benefits

• Contributions to 457 (457 never hits the peak that it could have)

• Pension (Your highest salary never hits its peak for the calculation of your pension)

While we can’t replace all of those things, we can generate an asset that can replace the income lost.

“So, How Much life insurance do I need?”

Anyone preparing to buy life insurance has asked this question and there is no single answer. Several methodologies have been developed over time, from the complex to the overly simple. Human Life Value (HLV) is one such methodology. HLV calculates the economic value of a person's life and is heavily based on the individual's earning ability. The HLV result is the amount a family would require to replace future lost income and other economic benefits provided by the decedent to maintain the same standard of living had the death not occurred. The basis of the HLV calculation is the present value of future lost income.

“How do I solve this problem?”

this comes in 3 simple steps

Step One - Calculate Your Human Life Value

“Now that I know how much, what do I do next?”

Step Two - Have an undewriter determine what you qualify for.

“Now that I know I qualify, what type of policy?”

Step Three - Put in place the policy that best fits your situation.

One of our Planners will assist you in building out a custom policy to meet your families needs.

Feel like you would like some help navigating this process?

Use the link below to schedule time with a planner to help walk you through these steps.