Let's Review Your Life

Did you know that September is National Life Insurance Awareness Month? Well, life doesn’t stand still, and neither do your life insurance needs.

If you have a quote or policy and haven’t reviewed it lately, you may be surprised to discover that what worked for you then may not meet your needs now.

Luckily, going over your life and matching it with your life insurance just takes a bit of thinking. And a little math.

Here is how to do a quick review to know what you need:

• DIME - Use the DIME method to figure out your life insurance needs. Add Debt, ten years of Income, Mortgage payoff amount, and the cost of your children’s college Education.
• Type of Life Insurance - Do you need term life insurance (life for a fixed amount of time), or whole life insurance, a policy that lasts your whole life?
• Cost of Life Insurance - The price of a policy depends on your age, health, and the amount of coverage in the policy. There are many online calculators that can help.

These methods will give you a rough idea of what you need. But nothing can replace speaking with your insurance agent to get your life where it needs to go.

About Terrell Dinkins, MBA, ChFC®, CDFA®

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Terrell Dinkins, MBA, ChFC®, CDFA® is an investment adviser representative of and offers investment advisory services through OBN Wealth Advisors, LLC, a registered investment adviser offering advisory services in the State of Georgia and other jurisdictions where registered or exempted. Main Office: 950 Eagles Landing Pkwy, Suite 216, Stockbridge, GA 30281. Tel: 404-723-9780. Website: OBN Wealth Advisors.