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Why Do I Need Life Insurance? Cheyenne WY

The reasoning behind life insurance is most evident when you consider sole breadwinners, but applies to everyone who has dependents, even stay-at-home spouses. If you (as the stay-at-home spouse) were to suddenly die, your family would have to find other ways to: ensure care of children; get the family home cleaned; handle dry cleaning and laundry; do grocery shopping; and many other tasks which you currently handle.

Andy Steele
1285 Sheridan Avenue
Cody, WY
Company
Title: President
Company: Steele Financial Services
Type
Registered Investor: Yes
Education
B.S Florida State University
Years Experience
Years Experience: 26
Service
401k Rollover From Employer,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Retirement Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Annuities,Investment Consulting & Allocation Design,Planning For Personal Finances &

Data Provided by:
Kevin Byrne and Associates
(307) 632-9223
202 E Pershing Blvd
Cheyenne, WY
 
New York Life Insurance
(307) 367-6792
219 E Pine St Ste Ste
Pinedale, WY
 
Dr. Nels A. Nelson (RFC®), CFP, CSA, LUTCF
(307) 674-7494
P.O. Box 1063
Sheridan, WY
Company
New Life Financial Inc.
Qualifications
Education: BS(Engineering), Doctorate Vet Medicine, Certified Financial Planner,
Years of Experience: 23
Membership
IARFC, FPA, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Farm Bureau Financial Services
(307) 632-9008
6248 Yellowstone Rd
Cheyenne, WY
 
Data Provided by:

Why Do I Need Life Insurance?

Provided By: 

Why Do I Need Life Insurance?

You need life insurance in order to ensure that your loved ones can cope financially with your loss. That's the bottom line.

The reasoning behind life insurance is most evident when you consider sole breadwinners, but applies to everyone who has dependents, even stay-at-home spouses. If you (as the stay-at-home spouse) were to suddenly die, your family would have to find other ways to: ensure care of children; get the family home cleaned; handle dry cleaning and laundry; do grocery shopping; and many other tasks which you currently handle. While your services appear to be 'low cost' because no one is paying you directly, if your family has to replace you with paid help you will quickly see your 'value'.

In addition, funerals are expensive. An average funeral can set you back between $8,000 and $10,000 considering the funeral home services, casket, burial plot and headstone. This is part of what you want to insure yourself against. You can bundle in these costs when you consider a life insurance policy's total benefit amount that you insure yourself for.

While you can buy life insurance policies which are a small amount suitable only to cover funeral costs, you will generally need much more life insurance than that. Many of these life insurance policies look good because of low prices, but you have to look closely. For the dollar amount of coverage you get, it is generally a more expensive life insurance policy.

Some people who...

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