How much coverage is the appropriate amount of coverage and how long do I need it?
Every situation is unique, so you should narrow down your options with some questions: Are you the breadwinner of your family? How much income are you trying to protect and how long would you like for your family to continue that level of income if something happened to you unexpectedly? Are you single? If so, you want to make sure that you have enough to pay off any debts that you might leave behind. If you want to leave a legacy, life insurance is a great way to do that. Working with an expert to get accurate answers is the key to getting the right coverage for your needs.
Phyllis Nichols
With so many choices for coverage, it’s important to work with someone who will dedicate time to discussing your needs, how much coverage you currently have, as well as if there are any gaps and ways to address those gaps, says Phyllis Nichols of State Farm Insurance. “You want a plan that will last as long as you need the coverage,” Nichols says.
After experiencing loss herself, and seeing what the income loss did to her family, Nichols found a passion in becoming an expert in insurance. “I wanted to be sure that I did not fall into that situation myself or ever let anyone I cared about fall into it either,” she says. Nichols wants all her customers to feel that their needs are not only met but met in a way that protects them from drastic life changes. “My agency puts our people first,” she says. “We truly do try to research what policies would best fit their needs and then work on a plan that is affordable for them.”
