Life Insurance Minneapolis MN
We Have Experience On Our Side
We Have Experience On Our SideWhen it comes to life insurance you want to make sure you are appropriately covered.
Imagine something happened to you; what financial shape would your family be in? As unpleasant as this is to think about, it’s important to plan for it so that you don’t put your family at risk. As a Minneapolis-based insurance broker, One Source Insurance can get you the life insurance you need to protect your family under even the worst circumstances.
Life Insurance Essentials
The first step to purchasing life insurance is to determine what financial issues would arise if something happened to you. Such issues include:
- Lost Income – If your family depends on your income, life insurance is critical for keeping them financially secure. The specific amount of coverage you need for this depends on how much you make and how much your family spends. But in general, you should take 60 percent of your income and multiply that by 10; the result should be enough to keep your family solvent.
- Debts & Expenses – Consider any debts you’ll be leaving behind, including student loans, credit card debts, and remaining mortgage payments. You should also factor in expenses that will result from your death, such as funeral costs. Make sure your insurance policy provides enough to cover all this.
- Taxes – Even if you already have considerable assets to leave behind, it may still be a good idea to buy a life insurance policy. Such a policy can cover estate taxes and other taxes that you leave behind, so your family can inherit your wealth with minimal losses.
- Business Obligations – Besides your duty to your family, consider your responsibilities to any business partners you may have. If losing you would put your company in financial jeopardy, you may want to buy life insurance to compensate your firm.
When selecting a life insurance policy, One Source recommends that you buy from an insurer who focuses on this type of coverage, rather than a standard provider. Not only do such insurers have a better understanding of how life insurance works, but they’ll often give you a better price. One Source is always available to identify all your coverage options and select the one that best meets your needs.
One Source Insurance Brokers: Finding Flexible, Affordable Insurance For All Your Needs
Make sure you are appropriately covered. When choosing life insurance you want the best coverage you can afford. Let us shop for you. All our insurance companies are A or A+ rated. As an independent insurance agent we have many options for you. Get a complimentary consultation today. Call: 612-444-6277 Or Get A Quote.
