Life Insurance FAQs

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Life Insurance Tips....5

When shopping for life insurance its only natural to have a few questions. Get answers to your life insurance frequently asked questions with help from a member of the California Department of Insurance Curriculum Board and insurance professional in this free video clip.

Part of the Video Series: Life Insurance & More
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Video Transcript

Hi, I'm Tony Steuer, The Life Insurance Sage, and I'm here to talk about some life insurance facts frequently asked questions. Two of the most frequently asked questions about life insurance are how much life insurance do you need and what type of life insurance. While these are very complex questions, the answers to take a look at at the base are both very simple. The amount of life insurance that you need is the last income of the person that you are providing the insurance upon. So you take a look at their earnings or how much they would be contributing to the household or to whatever needs to pay for the mortgage, to pay for childcare and you purchase that amount of insurance. There is a variety of calculators and methods to do that. In terms of the type of life insurance to purchase well again, it's taking a look at your needs. You take a look at your overall needs. If you have a short term need, you purchase a term insurance policy which provides for that short term need. If you have a long term need, you get a long term policy. That's really the bottom line of how much life insurance and what type of life insurance you need. I'm Tony Steuer and that's my tip on life insurance facts frequently asked questions. Thank you for watching.

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