Life Insurance

Purchasing the right life insurance policy is an important decision. Life insurance is needed by anyone who is relied upon for financial support. This is a financial product which aims to solve the most possible personal and business financial situations.

Some people find the subject of life insurance a morbid subject. The best way to think about it is you are protecting the people you love in the event anything should happen to you. There can be an investment element to policies, which, if surrendered, could serve as a timely emergency fund for medical or legal costs. But the main purpose is to cover your family, dependants or your business should anything happen to you.

Because you have spent your life relying on your income, you would be advised to buy protection that is the equivalent of between 5 and 8 times your annual income. What you actually need will vary depending on you financial assets and your liabilities.

In business, life insurance gives you the means to ensure that a key person could be replaced by covering the costs of recruiting and training a replacement. It could also provide collateral for business loans and fund/buy sales agreements, to keep the company's equity in the right hands.

Eilers Insurance Associates, LLC can explain the difference between Universal, Whole and Term Policies. We will help assess your needs and help in choosing the life insurance contract that best suits your requirements. We will work with you to develop a detailed needs analysis of your situation. This analysis will define the amount of insurance you should acquire based on the financial needs of your family, your business and other financial considerations. We take into account your existing insurance, your existing financial resources and assets, government benefits, your income needs, your tax liabilities and other liabilities.

Eilers Insurance Associates, LLC will provide you with a detailed comparison from the following top rated insurance companies to ensure you get the right coverage at the right price with the right company.