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FACT or MYTH: A healthy 30-year-old man can pay less than $14 a month for a 20-year, $250,000 life insurance policy.

March 2017

FACT! Life insurance is much more affordable than many people realize. While it is an expense for which you have to budget, imagine what the financial impact would be for your family if something happened to you and you had no coverage.

Life insurance is typically less expensive for those who are younger, healthier, don’t smoke, and don’t participate in dangerous hobbies (like skydiving and scuba diving at deep depths).

How do you determine how much life insurance you need? That’s what the risk advisors at Peel & Holland are here to help you do. But, a few things we’ll consider:

  • How much will be needed at your death to meet immediate obligations (medical costs, funeral expenses, final estate-settlement costs, outstanding debts, mortgage balance, college loans, etc.)?
  • How much future income is needed to sustain the household?

Contact Peel & Holland's Life Insurance Advisor Greg McNutt today to find out just how inexpensive life insurance can be for you and your family.

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