At KMK, we know it’s normal to worry about your family and overall life path. You may be asking, “what happens to my family when something happens to me,” or “will I have enough to save for retirement?” Luckily, the professional agents at KMK Insurance know the right questions to ask to ensure you have sufficient life insurance coverage for all stages of your life. Whether you’re worried about covering funeral costs or you want to supplement your retirement savings – we offer knowledgeable agents with the tools to help you reach your goals. Read on for more details about available life insurance options!
This is a question that many people seem to be asking, and it’s a fair one. Life insurance is an investment, and you want to make sure you’re getting everything you want out of this investment. Fortunately, the benefits of life insurance can help with a variety of situations and scenarios, even ones that you didn’t plan for. The two main reasons to buy a life policy are:
While there are two main reasons to buy life insurance, there is a litany of different policies that can help you reach your financial goals. Whether you’re helping save for college or planning for your family’s future, it’s good to know that KMK understands the pros and cons of each policy, which helps you make the right decision for you and your family. The different types of policies include:
Please contact us with your questions about our insurance products or read this informational guide.
Insurance isn’t a one-size-fits-all industry. In fact, the amount of life insurance that you should purchase is based on a variety of different factors that are unique to you. It’s important to consult a professional when making any decisions about life insurance or investments. However, the amount of insurance you should buy could be based on:
While it’s important to talk specifics with one of our agents, you can gain a good idea of how much you need in life insurance by making the following calculations:
Add: Your salary (multiplied by the number of years the income would need to be replaced) + mortgage + other debts/expenses + college costs (for any children) + funeral expenses + any additional expenses.
Subtract: Any liquid assets you have such as savings accounts, existing savings vehicles, and more.
The number you are left with should be a pretty good rough estimate to start your search for life insurance. Call us to complete the process with a trained professional that’s focused on what’s best for you!
*The information on this page is not intended for educational purposes. Please consult an insurance professional before making any decision regarding insurance or investments.
We also provide insurance services to Belleville IL, Collinsville IL, Edwardsville IL, Glen Carbon IL, O'Fallon IL, Troy IL, and the surrounding communities.
KMK Insurance • 10041 Bunkum Rd. Fairview Heights, IL 62208 • (618) 398-5800
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