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Life Insurance
You wouldn’t think about not having enough food in your fridge or gas in your vehicle.
What about enough life insurance protection for your family?
Well, if you’re like most people, thinking about “passing away” is not at the top of your list. Unfortunately, the “passing of assets” to your loved ones, if they were to lose you, does need serious thought.
A rule of thumb is that you need coverage equal to five to ten times your annual gross income. (And, if you have children or are thinking of having children, you can’t leave out their financial needs.) Of course, your family’s needs may be more or less. Think about:
- How much income you want to replace if you or your spouse should die.
- Do you have outstanding debts including a mortgage, auto loans and credit cards?
- Do you want to leave funds for college expenses?
- How much in assets do you currently have?
MEMFS professionals are located inside Ascend’s financial centers. To make an appointment, simply call toll-free 800-342-3086, extension 1307 or 7388.
You can also access a wealth of information from MEMFS by clicking here.
FR101014-AD86
