insurance needs

How much do I need?

Life Insurance
Disability Insurance

Life Insurance
We should remember that life insurance is primarily not for us- it is for the loved ones we will leave behind. How much will your family need to continue their lifestyle if you are no longer there to provide for them?

To help you determine how much life insurance you need, consider the following expenses:

How much is needed to take care of the immediate expenses after your death such as burial costs, medical payments, estate tax settlements etc.?
How much will be needed for continuing mortgage payments, car payments, real estate taxes, college tuition, and daily living expenses such as food, clothing, traveling etc.?
What other expenses you are responsible for and presently contributing towards?

To avoid over-insurance you also need to consider these other sources of family income:

On-going annual investment income
Your spouse's annual income
The value of any assets such as savings, CDs, etc. that may be liquidated
The amount of income from Pensions or Social Security, etc.
The value of any other life insurance in force

With these factors considered, you can determine how much annual income your family will need generated from any life insurance proceeds

Your individual needs will vary based on your circumstances. Consult with our licensed professionals toll free at 1-877-VIP-CSEA or email CSEA Marketing.

For a further in depth discussion on how much life insurance you need, we suggest you consult one of the many independent resources available, such as The Life and Health Insurance Foundation for Education. They are a non-profit independent source for information on this topic, which includes an interactive needs calculator. http://www.metlifeiseasier.net/na/home.asp

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Disability Insurance
Determine how much you need to take care of all your monthly living expenses. Subtract from that all income from any other sources. The result will be the approximate amount of needed monthly benefit

For a further in depth discussion on how much disability insurance you need, we suggest you consult one of the many independent resources available, such as The Life and Health Insurance Foundation for education. They are a non-profit independent source for information on this topic, which includes an interactive needs calculator.

Life and Disability product needs will differ between individuals and change over time. These web pages and links to other sites are provided for educational purposes only. For individual needs consultation please call our licensed professionals at 1-877-VIP-CSEA or email CSEA Marketing.