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9900 Nicholas St.
Suite 360
Omaha, NE 68114

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Doug Thomas

402-397-5440

 

Life insurance

Is your family protected if something happens to you? If you have coverage through work, do you know how much? And would it stay in force if you changed jobs?

If you have children at home, you probably should have eight to 12 times your annual income in insurance. Many workplace plans offer only one to three times your annual income -- and the coverage might lapse if you change jobs.

The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.