“Hope for the best, plan for the worst.”

This may seem like a bleak outlook on life, yet it is a savvy way to plan for your future. No one wants to imagine an unthinkable tragedy befalling themselves, yet the reality is that these tragedies happen to people in all walks of life. If you were to pass on, in what financial state would you leave your loved ones? Life insurance can leave you with the peace of mind that they will be left with ample financial security in such an event.

“Why do I need life insurance?”

This is a question that many individuals and families are faced with. Life Insurance is needed to provide financial security for your family if you pass away. Life insurance proceeds can be used to put a child through college, pay off mortgages, ensure your spouse’s retirement, cover your funeral expenses, and many other things. Of course as life changes, your policy should also change. If you have a new child, you may want to increase your coverage.


“Should I choose Term life or Permanent life insurance?”

This is another question that many people ask regarding life insurance policies. This is a question with no definitive answer; it depends solely on your own personal circumstances. Term life insurance only provides coverage for a set period of time such as ten years, while permanent life insurance lasts for a lifetime and is partially an investment and not just a worst case scenario plan. The premiums of permanent life insurance are much higher than on term life insurance.

In order to determine what type of coverage is right for you and how much coverage you need, give McMichael Insurance a call and either talk with an agent over the phone or set up a meeting with them.