Quick and simple answer is: “NO ONE HAS ENOUGH LIFE INSURANCE.” Of course, there may be some exceptions, but they are so far and in between that it’s safe to say no one.
Why don’t people have enough life insurance? One main reason is that it’s relatively expensive to get enough coverage, especially as people get older. Another reason is that life insurance is something that is there for others one the insured is not around. Many people their consider it a luxury paying for something that they will not have any personal benefit from.
Whole Life Insurance is for example a policy that works kind of like a retirement plan with benefits, but let’s be honest, how many people out side enough money for retirement, especially before thirty?
How do you know if you have enough life insurance? Easy. Imagine yourself not being here tomorrow. How long will your family maintain is current lifestyle without having to liquidate assets such as investment properties, stocks and bonds, the home their living in now, etc.?
Let’s get together and construct an affordable, personalized Asset Protection plan for you.