This article was originally published by Goldman Sachs Ayco.
Life insurance is one of the cornerstones of financial planning. Your insurance needs will depend on your personal financial circumstances and goals. For instance, many people purchase a policy to help ensure that their loved ones will have the financial support they need after their passing.
Figuring out the proper amount of coverage can be complex. If you’re underinsured, you may not receive adequate protection. On the other hand, if you’re overinsured, you may end up paying too much in premiums. It’s a good idea to reach out to an insurance specialist or financial advisor to find an appropriately tailored life insurance policy.
That being said, to help you decide on the right type of policy and coverage, consider these three key questions:
Every family’s coverage needs will be different, but here are four basic tips to keep in mind as you think about your coverage needs.
The Ayco Company is a Goldman Sachs Company, which is an affiliate of The Goldman Sachs Group, Inc. Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA, which is an affiliate of The Goldman Sachs Group, Inc.
This article is for informational purposes only and is not a substitute for individualized professional advice. Articles on this site were commissioned and approved by Marcus by Goldman Sachs® but may not reflect the institutional opinions of Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.