Personal Services

life insurance

Is life insurance right for me?

Can I afford it?

45 years ago, SHERRILL MORGAN was founded in the life insurance and estate planning industry. Though we have developed into other areas, we have continued to provide life insurance in the most cost efficient manner. Life insurance premiums are at an all time low, so now is the time to invest. More young people have million dollar policies than ever before.

5 things you didn't know about life insurance:

  • 66% of adult Americans have life insurance policies
  • Life insurance policies can provide for your family and help them maintain the lifestyle they have become accustomed to after you have passed
  • Life insurance policies can cover unpaid debts at the time of your death, including funeral costs
  • Life insurance policies are a tax efficient way to leave money to your loved ones
  • The current estate tax is at 50% which is another reason why large life insurance policies are beneficial
  • Currently, the maximum amount that you can leave to any one person other than a spouse at the time of your death is $5 million dollars, not inlusive of a large life insurance policy

If you are thinking about life insurance, but are not sure if it is right for you, here are some things to consider:

  • Would you be worried about leaving unpaid debts to your family if you were to pass today?
  • Do you worry about how your loved ones will get by when you are gone?
  • If you have young children, do you have anything set aside if something should happen to you and your spouse?
  • Do you have extra cash available for a low monthly payment?
  • Are you unsure about the benefits of your current life insurance policy?
  • Are you unsure about who you can take out a life insurance policy on?

If the answer to any of these questions is yes, come talk to us. We can help you find the answers you are looking for.