Life insurance is something everyone needs but few know where to start looking. You may get some life insurance as part of a benefits package but at the same time may be unsure of the amount you get and whether it is something that will stay with you even if you change employment. Talking to your local independent insurance agent will allow you to ask the necessary questions. At Luebbering Insurance Agency LLC in Jefferson City, MO, we have been helping local residents will all their insurance needs for more than 35 years.

Do I need my own life insurance if I get some from my employer?

If you get enough life insurance for any long-term needs your family may have and if you plan to stay with your employer forever, then no you don’t need your own life insurance. However, what if your employer goes out of business? What if your life insurance is inadequate? Life insurance protection is so important that it is better controlled by you personally. 

Should I have whole life or term insurance?

You should probably have both. Whole life insurance is part of a long-term financial plan. It earns dividends, and you can borrow against it if the need arises. Term life is less expensive and if you have a young family, it is the most affordable way to buy large amounts of life insurance. You are just paying for the protection the policy offers.  

How much life insurance is enough?

Everyone’s needs for life insurance are different. Talking to your insurance agent is the best way to determine exactly how much you should have. On average, it is recommended you have between 7 and 10 years of income in life insurance. 

Contact Luebbering Insurance Agency LLC in Jefferson City, MO with all your insurance needs.