Life insurance is not only an excellent way to provide for your loved ones should the unexpected happen, but it can also form a core component of your overall financial portfolio. After all, your lifestyle is dependent on your income, so any disruption to that income flow can prove catastrophic to those that are left behind, and a life insurance policy is a hedge against any income lost. For Ashland, KY life insurance options, our trusted agents here at Sharp Insurance & Financial Services have a wealth of information to help you craft a life insurance policy that works for you and your entire family.
How Much Life Insurance is Enough?
Determining how much life insurance you might need is unique to your specific situation. As an industry-standard, most insurers use one of two generally accepted methods to ensure that you have provided enough for your family in the event of your death, The first, known as the human life value approach, calculate the current income of the person multiplied by the number of years to retirement. The second method calculates expenses rather than income, before determining what you would need to meet short, mid, or long-term financial needs. Speaking with a trained and licensed insurance agent is the key to making an informed decision that is so important to the well-being of your family.
Contact Sharp Insurance & Financial Services Today
Sharp Insurance & Financial Services of Ashland, KY has the expertise to explain the myriad of benefits to your loved ones in the event of your untimely demise to having a life insurance policy designed to meet their financial needs in the aftermath of a family tragedy. There is a great deal to process when losing a loved one, but fear of losing the family home and lifestyle should not be part of the grieving process. Our agents are ready to discuss the full range of available options for you and your family.