Life Insurance

Protecting Your Future Goals.

Life InsuranceHelping you understanding the basics of life insurance and feeling confident that you are making informed choices is part of our job at Phil Richard Insurance. We can help you protect your family’s dreams for the future, pay off debt and create funds for college or other important investments. It’s all about obtaining the right type of policy to meet your individual needs.

Some things to consider about Life Insurance

  • If you have dependents, your goal may be to replace the income you currently generate in order to support them.
  • It’s important to factor in ‘hidden income’ as well, when planning for your insurance policy. This may include employer-paid health benefits or retirement savings contributions, for example.
  • Your policy should have both ‘primary’ and ‘contingent’ beneficiaries.

Frequently Asked Questions

What is the difference between universal and whole?
Is my employer-sponsored life insurance plan enough coverage?