As financial advisors we are often asked, “How much life insurance is enough?” and “Do I have the right kind?”

While experts disagree on exact amounts or percentages, the answer is typically – “What do you want to accomplish?” That is to say, what will the policy benefits be used for?
Here are some primary reasons to own life insurance:

1. To pay off the home mortgage so the family will not be burdened with a mortgage payment.
2. To provide a monthly income to your spouse, and/or family, that will last for a designated length of time.
3. To provide money for your child/children’s college education.
4. To provide funds for your favorite religious or charitable organization.
5. To buy out a deceased business partner’s family so you can own the business out right.

Whatever the reasons, it is always a good idea to take the time to actually think through “why” you own the life insurance that you have, and what do you really want it to accomplish for you and your family. Think about it – will your $30,000 or $50,000 of group term insurance at work be enough to provide for your family, or to accomplish your other objectives?

HAGAN NEWKIRK clients have a unique opportunity to sit down with a qualified, financial professional– free of charge – and review your current life insurance program to see if you are in position to achieve all you want to achieve with the proceeds.

• Because people are living longer than ever before, life insurance rates have declined over the last 10 years.
• If you have owned a policy for several years, you may be able to increase your coverage for the same amount of premium, or decrease your premium for the same amount of coverage.

Take advantage of this opportunity to insure that your insurance goals will be met, and that your family will be taken care when you’re gone.

For more information, or to set up an appointment, call Ken Boyland at 501-823-4637, or email Tifany at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .