Some financial planners recommend purchasing life insurance in an amount up to eight times a wage earner's annual income. However, this multiplier factor will vary based on each individual's current and future financial obligations to their loved ones. Below are some important factors to include when assessing possible future financial obligations that may follow an individual's death:

• To pay for funeral and medial expenses, estate taxes and legal fees
• To retire personal debts, like a mortgage, credit cards and vehicle loans
• To provide for lost income to maintain a standard of living for a spouse or children
• Generate cash for future financial obligations, like college educations and weddings for children

If it has been a while since your life insurance needs have been reviewed, don't wait any longer. Life insurance premiums have never been lower. Call to make an appointment with one of our life insurance specialists. Also, make the same recommendation to any of your parents engaged in estate planning and recently married children. As an independent insurance agency, we have the financial planning resources available to meet every customer's life insurance and estate planning needs.