Insurance Planning FAQ

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Buying insurance isn't something you should try to do without a certain degree of planning and preparation. Get answers to your insurance planning frequently asked questions with help from a professional financial planner in this free video clip.

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

Hi, my name is Michael Hardy. I'm with Mullet and Hardy, and today we're going to talk about the most frequently asked questions regarding life insurance. Some of the questions that typically come up when a person is interested in life insurance is how much insurance do I need, do I and my wife need life insurance and how long do I need it for. To address those first of all, typically most people need life insurance whether you are single, married, young or old, male or female, there's typically a need for life insurance throughout your life. How much do you need? Well that also depends upon your particular needs. Somebody who is younger and has less debt or less needs typically may need less insurance than somebody who is older with a family and children and more debt and more expenses. However, each case is different. So that depends on your individual situation and finally how long do I need it for. And that's the big question. Most people need life insurance for most of their life whether it's a large amount or a small amount is indifferent but there's typically a need for insurance most of your life. Therefore, you would need it all the way through your lifetime.

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