When you take out a life insurance policy, it is contingent upon your passing, but it is really meant for your loved ones and those you leave behind. When you choose a life insurance policy with Wolcott Insurance Group, LLC, you choose a policy that will provide the following options for your loved ones.
With a life insurance policy, you have the ability to determine the amount you want to purchase. If you have loved ones that depend on your current income to survive, you can multiply your current salary by the number of years they will need your income to give you an idea of how much of a policy you need.
Final Costs and Services
Upon your passing, there are services and costs associated with your local funeral home. For many Connecticut families, having enough cash to pay these costs outright is not always an option. Your loved ones do not have to worry about coming up with funds to cover these final costs and services with a life insurance policy. They can mourn properly knowing that there are funds on the way.
If you were planning to leave behind some funds for your loved ones as an inheritance, you could use the contents of your life insurance policy to do so. Set aside funding for college tuition or a down payment on a home as a final gift to those you love. With a life insurance policy, you can name more than one beneficiary and divide the funds evenly so that your loved ones get the gift you plan to leave them.
Call Wolcott Insurance Group, LLC for More Information
If you live in Connecticut and are looking to secure a life insurance policy, give our agents a call today for more information. We will help you determine how large a policy you need and answer any questions. We look forward to hearing from you soon.