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Life Insurance

middle aged couple

How much life insurance do you need? There are a number of factors to consider in determining how much life insurance could be appropriate for you, including:

  • Who depends on you for their well being?
  • How much do you earn yearly? One rule of thumb is to think in terms of insurance coverage representing 5 to 7 times your annual earnings, after taxes. That way those left behind will be supported while they get back on their feet.
  • What debts do you have? If they can be paid off with life insurance proceeds it can take a burden off your family.
  • How close are you to retirement? Generally, the closer you are to retirement, the less life insurance you might need.

In addition, some other factors to consider include if your spouse is working, would you want to provide college funding for your children and possible estate taxes.

We take the time to understand your needs to determine the amount of insurance appropriate for your unique situation.  We then can recommend different insurance product options to fit both your needs and your budget. 

A&B Insurance will work with you to put together the Florida Life Insurance program to meet your specific needs. Regardless of the type of insurance coverage you need (Term, Whole Life or Universal Life), we are here to help you match your needs with your budget.

To assist you in determining the amount of insurance you might need, click on the Life Calculator. Then call us to find out more about this valuable protection benefit.

Contact us to speak with one of our Florida Life Insurance experts.