EMCKA Hawaii

Life Insurance: A Promise for Those You Love

If you love someone, life insurance is not just a policy—it’s a promise. Whether it’s your spouse, partner, children, grandchildren, parents, or a cause that is dear to your heart, life insurance helps ensure they are financially protected if something happens to you.

Because love isn’t just a feeling; it’s a responsibility.

Let’s discuss how you can safeguard the people you care about. Contact an insurance agent today to explore your options.

Life Insurance 101

Life insurance is one of the most meaningful ways to protect your loved ones. Here are a few key concepts to help you understand your options:

1. Financial Security:  Life insurance provides financial security and peace of mind for your loved ones in case something happens to you.
2. Types of Coverage:   (Term Life Insurance) This offers protection for a specified period, typically 10, 20, or 30 years.  (Permanent Life Insurance) This provides lifelong coverage as long as premiums are paid. Some permanent policies, like whole life insurance, include a cash value that grows tax-deferred.                                              
3. Combining Coverage:  You can combine term and permanent coverage to tailor a plan that fits your needs. An insurance agent can help you explore the best options for your situation.
4. Annual Review: It’s a good idea to review your coverage annually to ensure it still meets your family’s needs.
5. Coverage Amount:  A common guideline is to carry coverage equal to 10–15 times your annual income; however, the ideal amount depends on your specific financial goals.  

Using tools like financial calculators can also help you determine the right coverage amount for your situation.

The ideal amount of coverage is customized to your specific goals and financial circumstances. Collaborating with an insurance agent will help you uncover the best options for yourself and your family.  Contact an insurance agent for more details.

Thinking Beyond Life Insurance

Life insurance safeguards your loved ones, while disability insurance safeguards you. It provides income replacement if you’re unable to work due to illness or injury, making it a crucial aspect of financial planning that is often overlooked.

Let’s discuss how life and disability coverage can complement each other in supporting your financial goals. Contact an agent today for personalized guidance tailored to your specific needs.

• EMCKA Hawaii uses Life Happens calculator to assist consumers in assessing their needs. Life Happens is a non-profit that assists consumers in making smart insurance choice to protect their loved ones.  Please review Life Happens privacy policy.