Showing posts from February, 2023

Let's Review Your Life

  Life doesn’t stand still. Neither do your life insurance needs. If you have a quote or policy and haven’t reviewed it lately, you may be surprised to discover that what worked for you then may not not meet your needs now. Luckily, going over your life and matching it with your life insurance just takes a bit of thinking. And a little math. Here is how to do a quick review to know what you need: DIME  - Use the DIME method to figure out your life insurance needs. Add  D ebt, ten years of  I ncome,  M ortgage payoff amount, and the cost of your children’s college  E ducation. Type of Life Insurance  - Do you need term life insurance (life for a fixed amount of time), or whole life insurance, a policy that lasts your whole life? Cost of Life Insurance  - The price of a policy depends on your age, health, and the amount of coverage in the policy. There are many online calculators that can help. These methods will give you a rough idea of what you need. But nothing can replace speaking wi