Buying insurance for certainitems, such as a home or car, can be pretty straight-forward and easy tocalculate cost-wise. But how do you insure your life? Life insurance is more than just number crunching; itâ€™s aboutfinancially providing for your loves ones when you are no longer here.
It is essential to note thatlife insurance can be a complex subject, especially when it comes to the rightâ€œkindâ€ and the right â€œamountâ€ of insurance.
So what questions do you ask?Sometimes the important questions donâ€™t come up when you click through thoseonline life insurance calculators, and unfortunately, less so with some insurancebrokers. Forbes recently addressedthis important issue in an article titled â€œWhat A Life Insurance Calculator Can't TellYou.â€
Generally speaking, insuranceexists so you can pay a â€œpremiumâ€ now thatyou can afford to protect against the risk of a catastrophic event later that you cannot afford. When itcomes to life insurance, of course, the risk is to your family and loved onesif you were no longer there to care for them. Life insurance is a potent toolin this regard, but it is far from the only tool to protect for your loved onesin the event of your death.
The original article provides an excellent analysis ofcommon â€œneedsâ€ that life insurance can protect. In the end, however, nothingcan replace the advice and counsel of an experienced and qualified lifeinsurance professional.
At Idaho Estate Planning,we can help you find the resources you need to put your estate plan together.We have the experience and expertise to help you maintain your options andprotect yourself as well as your loved ones now and into the future. Remember, goodplanning is no accident.