Life Insurance and Whole Life Insurance in Northridge, Pasadena, Van Nuys and Nearby Cities

No matter whether you are an entrepreneur or a salaried employee, everyone should ensure ample protection for their loved ones even after death. That is where life insurance comes into play. Provide for the daily expenses and household requirements of your family members, help them meet sudden emergencies, or fulfill your children’s future dreams even after your demise with the help of insurance coverage. In fact, if you choose the right policy from a reputed company, your funeral expenses can also be covered with this. Legacy Partners offers you a whole range of essential insurance coverage plans for life, health, disability, long-term care, critical illness, and other such important things that need financial assistance. So, if you are from areas in and around Glendale, North Hollywood, Northridge, Pasadena, Sherman Oaks, or Van Nuys, then you can resort to us for your life insurance coverage.

Here, we have put together a few tips on calculating the amount of life insurance coverage you need. Take a look.

  • Income-Based Calculation

You should calculate the insurance you need before choosing the policy. There are two ways of doing so. Firstly, you can start by determining how many years of income you would need to replace if you die. If you are 40 years old now, you might want to buy an insurance that pays 20 times your yearly income. You should consider inflation too in such calculations because you are dealing with your projected after-tax income over the course of your working years.

  • Requirements-based Calculation

Secondly, you should study or analyze the impact of your demise on the dependents you have at home. Your decision should be based on facts like if you are spouse will be working after your death, the number of children you have, their cost of living and future education, or whether you have a mortgage or not.

The second calculation is more appropriate and individualized. So, it will help you reach a conclusion easily. Therefore, if you want to buy our life insurance programs, you can get in touch with us now.