Life insurance has many purposes. Of course the specific purposes depend on the client’s needs or wants. Generally the purpose of insurance is to replace income if the insured dies prematurely. The insurance comes in as though that individual were still alive and generating income. It makes life for the family a livable experience. It gives peace of mind to the insured because he knows that if something happens to him, his family will be taken care of. Some clients simply want a policy that will cover the costs of burial expenses, debt repayment, and taxes.
Contact us. Let us take you through this process and help you discover what you'd want if the unexpected happened.
How do you figure the right amount of life insurance?
This is a very subjective figure and is something that should be discussed with your spouse or significant other. A few things to take into consideration are as follows:
Current total debt
Surviving spouse's ability to generate income, educational degree, and work history
Member of National Association of Insurance and Financial Advisors
Orton Insurance is proud to offer the following services to the Rexburg, Idaho Falls, Rigby, St Anthony and surrounding areas: * Group Benefits (Including Group Medical, Dental, and Vision Insurance) * Individual Medical, Dental and Vision Insurance * Long Term and Short Term care options * Life Insurance * Annuities