Financial Protection for Families
Financial Protection for Families
A simple way to know exactly what your family needs.
5 min read
Start with a question
Which monthly costs would your family still face if your income stopped?
In plain language
Start with a simple needs review: living expenses, debts such as a mortgage, childcare and education goals, and final expenses. Then subtract your savings and any current coverage.
That number shows you how much protection your family needs. A licensed professional reviews it with you and finds coverage that fits your budget.
- Ongoing living costsHousing, food, utilities, transportation
- DebtsMortgage, car loans, credit cards
- Future goalsChildcare, education
- Minus existing resourcesSavings and current coverage
A practical example
Example
The Okafor family lists their monthly expenses and how many years their children will depend on them. With that list, their licensed professional helps them choose the right coverage in one conversation.
Keys to get the most from it
- Include every goal so your protection covers it all.
- Review your needs every year or after big life changes.
Common questions
Protect My Family
Protect My FamilyReady to put what you learned into action?