Life insurance is not something that most people are comfortable talking about. It seems morbid but nothing could be farther from the truth. Life insurance is part of financial planning and it is not about death but rather about life. If you live in Mapleton, UT you have the helpful agents at Maple Mountain Insurance Services to help you navigate your way through the mound of information that is available about life insurance. 

When it comes to determining how much life insurance is enough there are a few things that need to be considered. How old you are? Who is dependent on your income? How many years do you need to provide that income for and what long terms debts do you have. 

If you are young and unmarried or no one is dependent on you, you only need enough insurance to cover any gap there might be between your savings and assets and what debt and final expenses you might have. 

If you have a wife and children, their ages and your income are deciding factors. For how many years do you want to replace your income? If you want to replace it for 10 years then multiply your income by 10 and then add $100,000 for the college education of each of your children. While this is not an exact science, it will at least provide a reasonable place to start your planning. You want to make sure that your family will be able to maintain the life they have now, even if you are gone. 

At Maple Mountain Insurance Services in Mapleton, UT we will be happy to discuss your life insurance needs with you. Why not stop by our office or give us a call, you will be glad you did.