It’s a question most people don’t want to consider: how would your family manage if something unfortunate ever happened to you? Part of the answer lies in the type of life insurance you have in place. With more than 60 years of service, K.L. Smith Agency in Willimantic, CT, is your trusted advisor that can help you select a life insurance policy that offers financial peace of mind for your loved ones.

One important first step is deciding how much life insurance coverage you’ll need. Typically, the coverage amount should be about six to eight times your annual salary. Other income sources, as well as your spouse’s earnings, will also be factored in. The independent agents at K.L. Smith Agency will also take a look at the number of dependents you have, any social security death benefits you're eligible for, and any employer-sponsored life insurance policies you might have in order to pinpoint the amount of coverage that will be offered to you.

To ensure your family is financially protected, you must determine which type of life insurance is best for you. A term life policy tends to be less expensive and it covers a certain time frame. If you choose a cash value policy, you’ll get a number of features, such as tax-free death benefits even before the death of the insured. The policy will also remain intact for the life of the policyholder.

Outstanding debt, such as a mortgage, can also be paid through life insurance. In fact, should the policyholder die, his or her beneficiaries can use their policy to pay for other debt, like credit card balances and car loans. The life and health insurance specialists at K.L. Smith Agency will gladly talk to you about how you can ease the financial obligations of your family members.

Appropriate coverage and affordable premiums are what loyal clients have come to expect from K.L. Smith Agency. New life and health insurance clients can expect the same compassionate care and knowledgeable service.

To learn more about life and health insurance, call K.L. Smith Agency at (860) 423-9294 today. Visit the website for extensive information on a variety of other policies including car insurance, health insurance, and business insurance.