There are many types of important investments you will make during your life. Life insurance will most definitely be one of them. If you find all of the life insurance options and information to be overwhelming, we can help. At Senn Insurance Agency, serving O’Fallon, MO we can answer your life insurance questions so that you feel confident in your investment. 

Is Life Insurance Necessary?

There are some insurance products that are required by law for individuals to maintain. Auto insurance is one such product. Life insurance, however, is not like that. There is no legal requirement that you carry life insurance on yourself or your family members. However, it is highly recommended that families invest in this important type of coverage. 

When death strikes a family, there are, unfortunately, final costs that must be considered. Having a life insurance policy already in place will ensure that your family does not have added financial stress on top of their grief. 

How Much Life Insurance Should I Purchase?

There is no one-size-fits-all when it comes to life insurance. Every family will be different and each member of the family is different. You will not need the same amount of coverage for children as you would for a parent or spouse who provides income for the family. The standard of living is also different from family to family. This detail will greatly influence how much life insurance you should purchase. 

The best way to determine the amount of coverage you need is to sit down with an insurance representative. They will be able to evaluate your family dynamics and financial situation in order to help you decide on the amount of life insurance to purchase. 

If you would like to learn more about our services, please contact us at Senn Insurance Agency, serving O’Fallon, MO.