The amount of life insurance you need depends on your stage of life and the amount of responsibility you have accumulated as you aged. Not everyone requires the same amount of coverage, and some people can comfortably go without. This guide will help you decide what kind of policy you need, courtesy of the general insurance experts at Lighthouse Agency in Fairfield, OH.

• Young & Single: Unless you have aging parents or others who depend upon you for financial support, you can safely go without life insurance. You might be tempted to purchase a policy when you’re young and rates are low, but you would probably be much better off investing the money you would have spent on premiums.
• Married Without Children: As sad as it would be if either of you passed away unexpectedly, the other could likely survive financially, especially if both of you are pursuing careers. However, a small insurance policy might be advisable to help cover the mortgage or other debts.
• Married With Children: Married couples with dependent children need insurance coverage the most. Even the loss of a non-working spouse can result in expensive child care costs, so both of you should be insured. This need is even higher if either of you are also caring for a parent.
• Senior Citizens: If you’re no longer caring for your children, just enough life insurance to cover your funeral expenses will suffice.

Make sure your life is adequately covered with advice from Lighthouse Agency. This family-owned agency will help ensure that you have a good amount of life insurance, as well as provide homeowner’s and auto insurance quotes. Visit their website to learn more, or call (513) 860-9100 now.