Life Insurance... I'm Going There

Life Insurance…

I’m going there. 

Who should have it? 

How much? 

What does it cost?

I’m going to start with the last question first.  What does it cost?  A better question might be, what would it cost to not have it?  While many people feel it is an expense, I think it’s invaluable.  If you drive, you have car insurance, I’d hope.  I feel this is the same for Life Insurance.  The benefit of life insurance can keep a family in their house if a parent dies, help a child go to school and be a backstop as a family picks up the pieces of broken hearts as they transition into their new “normal”. 

Who should have it?  In my opinion, everyone.  The focus should not only be on the spouse who works outside but also the stay at home parents.  The logic is reasonable, if someone works, you need to replace their income.  What happens if it’s the stay at home parent?  There are other expenses to take into consideration, childcare.

How much should I have?  This is a tricky question.  It’s different for everyone.  There is no “one size fits all” answer.  Looking at all of the expenses and needs of the family is the first thing to be considered.  How many years of income are you looking to replace?  Will the cost of living go up or down?  What are the plans of the survivor?  Do you want to have more while your children are younger?  Will the insurance be used as a potential savings vehicle? 

These are just a few questions to think about while planning your insurance needs. The answer for everyone is different and it’s yours.

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Have a conversation with your family.  It isn’t the most glamorous or easy conversation to have but it could save a family from hardship.  As always, reach out with any questions or comments you have, Miri@SynergiaFinancialGroup.com


Miri Upton is a dedicated Financial Adviser, working with individuals, families, and business owners to organize and simplify their financial lives. With a focus on education and empowerment, she is passionate about providing tools to help fulfill their hopes and dreams. Miri currently holds Series 7 & 66 Registrations, Life, Health & Accident Insurance Licenses and have received the CRPC® and CRPS® designations. Whether your goals are to save for retirement, education, estate planning strategies, or risk protection,    Miri can customize a strategy for your specific needs.

Miri Upton is a dedicated Financial Adviser, working with individuals, families, and business owners to organize and simplify their financial lives. With a focus on education and empowerment, she is passionate about providing tools to help fulfill their hopes and dreams. Miri currently holds Series 7 & 66 Registrations, Life, Health & Accident Insurance Licenses and have received the CRPC® and CRPS® designations. Whether your goals are to save for retirement, education, estate planning strategies, or risk protection, Miri can customize a strategy for your specific needs.

Securities offered through Securities America, Inc., member FINRA/SIPC and advisory services offered through Securities America Advisors, Inc., Miri Upton, Representative. Synergia Financial Group, LLC and Securities America are unaffiliated. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.


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