Everyone is different and not everyone has the same needs. Life insurance is no different. Some may need a large policy to cover needed expenses as they may be the primary breadwinner. Others may need a life insurance policy to ensure that a joint retirement plan with a spouse will still work if one of the spouses passes away. Still others may not need a small or no life insurance policy in the first place. Check out our life insurance needs calculator as a starting point to see if your life insurance coverage is enough for your goals!
Life insurance can provide much needed funds to your dependents should you pass away, but what happens if you sustain a serious injury or get very sick leaving you unable to work for some time? That's where disability insurance comes in to help supplement part of your paycheck. Disability insurance should be looked at particularly when there is loss of income by an individual would cause financial hardships in the household. The calculator below can be a starting point to see how a loss of income would affect household ongoing expenses and needs.
A long-term case policy can help cover the costs of assistance with routine daily activities, like bathing, dressing or getting in and out of bed caused by a chronic illness or disability. One option to cover the costs for long-term care is to use existing assets and self insure. But for others, a long-term care policy may be more appropriate. Our calculator below can be helpful to determine how your long your assets might last to cover your long-term care needs.