How Much Life Insurance Do You Need?
How much life insurance you need depends on your individual needs and your
financial objectives for your family.
While life insurance cannot replace you, it can provide the funds to:
- pay final expenses
- replace all or a portion of your income
- keep your family in their home
- establish a college education fund
- cover financial emergencies
- provide a child and/or home care fund
How much life insurance is enough?
This question is best answered through an analysis of your family and financial
situation, as well as your financial goals and objectives.
In Purchasing Life Insurance on Your Family Members:
- You implement a disciplined program for retirement, education and other
financial needs that may arise.
- You secure the insurability of your spouse and/or children.
- If cash value life insurance is purchased, you build cash value accumulations
available for future financial needs.
If your spouse or a child dies prematurely,
you will have funds for:
- Final expenses: hospital/medical, funeral costs, legal fees.
- Child care and housekeeping assistance.
- Replacement of lost income and continuing asset protection.
- Time away from work.
- Handling major expenses, such as college education.
VSA 2A2.01, 2A2.14
ed. 01-08
VSA, LP The information, general principles and conclusions presented in this report are subject to local,
state and federal laws and regulations, court cases and any revisions of same. While every care has been
taken in the preparation of this report, neither VSA, L.P. nor The National Underwriter Company is engaged in
providing legal, accounting, financial or other professional services. This report should not be used as a
substitute for the professional advice of an attorney, accountant, or other qualified professional.
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