Providing you peace by covering the expenses of your surviving loved ones
Life insurance is about taking care of the loved ones you may leave behind. Let McMahon Insurance discuss your options and protection strategies for your peace of mind. For many families, we recommend an amount of life insurance equal to 10 to 12 times the annual earnings of the primary breadwinner – or both breadwinners – if each spouse is working.
The life of a stay-at-home spouse should also be insured, as the many contributions they make to the family must somehow be replaced. These includes childcare, looking after the home, preparing meals and other activities like carpooling, grocery shopping and laundry, among countless other tasks small and large.
Of course, such any suggestions on annual earnings vs. coverage amount are only a rule of thumb In helping you determine your personal coverage needs, we will review with you any income sources and amounts other than salary, the number of individuals who are financially dependent on the insured, and other considerations to create a custom strategy.
Experts in all types of life insurance products, we recognize their importance for many as critical components in their wealth preservation and estate planning strategies. We are prepared to review with you the many options available to you as part of your overall wealth management plan.
Rely on us to address all your needs:
- Term Life Insurance
- Universal Life Insurance
- Variable Annuities
- Whole Life Insurance