5 Questions to Ask Before Buying Life Insurance
Buying life insurance is one of the most important financial decisions you can make for your family. But before you sign on the dotted line, it helps to ask the right questions. Here are five that can guide you toward the right policy.
How much coverage do I actually need? A common rule of thumb is 10 to 12 times your annual income, but your situation is unique. Consider your debts, your family’s monthly expenses, and any future costs like college tuition.
What type of policy fits my goals? Term life is affordable and straightforward. Whole life builds cash value over time. Final expense covers end-of-life costs. Each serves a different purpose, and the right choice depends on what you are trying to protect.
How long do I need coverage? If your kids are young, a 20 or 30 year term might make sense. If you want lifetime protection, a whole life policy could be the better fit.
Can I afford the premiums long term? The best policy is one you can keep. Make sure your monthly premium fits comfortably in your budget so your coverage stays active when your family needs it most.
Am I working with someone I trust? Life insurance is personal. You deserve an agent who listens, explains your options clearly, and never pressures you into a decision. At KE Legacy & Life, that is exactly how we do business.