How Much Life Insurance Do I Need?

from Summit Insurance Advisors

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• As us a question on Live Chat
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Life insurance is an essential protection when looking to the future. There is no real way to predict what the future might bring, so it is better to be prepared ahead of time. Not only can life insurance provide assurance for your family if you are no longer around, there are life insurance policies that offer benefits and perks while you are living.

How much life insurance is right for you?

Summit Insurance knows the life insurance needs of our customers and strives to meet them.

The necessity of life insurance depends on your own personal and financial needs. Our tem is here to assist you determining the type and amount of life insurance that is right for your situation. Generally, you should consider securing life insurance if:

• You have a spouse
• You have dependent children
• You have an aging parent or a physically challenged relative who depends on you for support
• Your retirement savings are not enough to insure your spouse’s future against a rising cost of living
• You have a sizable estate
• You own a business

Additional benefits of life insurance (other than providing for your loved ones) include:

• The cash value earned and borrowed from a permanent life insurance policy can be used to help with large expenses, such as a college education or down payment on a home.
• The growth of a cash-value policy is tax-deferred — you do not pay taxes on the cash value accumulation until you withdraw funds from the policy.
• Life insurance can be used to cover funeral expenses and pay estate taxes. Consult your tax advisor for more information.

The right coverage for you is unique – call to us today and find out how to protect your family and their well being with the best poluicy for you.

Our offices are conveniently located at:

Phoenix office:

10214 N Tatum Blvd #A1500
Phoenix, Arizona 85028

Scottsdale office

5425 E Bell Road Suite 103
Scottsdale, Arizona 85254

Summit Insurance Brokers has been providing Arizona life insurance for many years, and the expert agents in our Phoenix AZ insurance office take pride in servicing the life insurance needs of Phoenix, Scottsdale, Mesa and Paradise Valley. Live outside of Arizona? We've expanded our life insurance offerings to California and Maryland.