Wide Selection of LIFE INSURANCE
Wide Life Insurance Selection
There is plenty of advice floating around regarding how much coverage you should get for life insurance.
Most recommend calculating it based on multiples of your annual income, with a spread that goes from 2 times up to twenty times the amount. So what’s the best way to determine if you need 100.000 thousand, 500.000 thousand or something in between?
The best way is to have an insurance professional like Key Health Plans conduct a Financial Needs Analysis. The process consists of collecting all your financial information to estimate what your family members would need after you are gone to meet their financial obligations.
Once we know your family needs, we tally all the resources your surviving family has at their disposal, such as spouse’s incomes, savings, and other life insurance.
The difference between their needs and their resources they have to meet them is the amount of life insurance you need.
Explore Your Options
Why is speaking with a licensed insurance agent that specializes in Life plan options helpful? We provide expert guidance on available term life, whole life, universal life, variable, mortgage, and final expense policy options. Throughout the enrollment process and post-enrollment, you will have a personal contact to assist with questions, claims, or concerns, should any arise.
Call us today 1-855-745-5422 or use the form to the right to have a KHP licensed agent contact you, please include preferred time and method.
Calling this number will direct you to a licensed insurance agent.
Life Insurance and Small Businesses
How the benefits of life insurance go beyond taking care of your personal needs.
Businesses – especially small ones – can use life insurances to protect their companies in the case of premature deaths of active owners.
These life insurances can be acquired to fund a buy-sell agreement, provide a financial cushion to the company, as an inheritance equalizer, and to make sure to provide cash income to pay estate taxes and avoid the need for selling the business to pay liabilities.
We at Key Health Plans understand the drive to want to preserve the legacy you spend your life working for and are prepared to guide you through the process of setting up the life insurance that best suits you and your business.
The best way is to have an insurance professional like Key Health Plans conduct a Financial Needs Analysis. The process consists of collecting all your financial information to estimate what your family members would need after you are gone to meet their financial obligations and ensure a future for your business.