RVS Insurance

Choosing Your Life Insurance Policy Beneficiaries: Making Sure All Your Loved Ones Are Covered

Choosing the beneficiaries for your life insurance policy is one of the most important decisions you will make. Life insurance is, after all, meant to protect your family and loved ones. While your immediate family may seem to be the obvious choice as your life insurance beneficiary, there may be other people and organizations which rely on you that you do not want to forget. Here are some of the most common—and commonly forgotten—life insurance beneficiaries you need to consider, and tips on how to decide how much you should allocate to each.

How Much Life Insurance Do You Need?

Figuring out how much life insurance you need to carry can be confusing. It really depends on a few factors, and there are a few simple methods you can use to determine how much you should carry. At the most basic, there is a minimum amount of life insurance you should carry if you want those left behind to avoid a struggle. Beyond that, you really can’t have too much insurance, so add more as you can afford it. But remember, the younger you are when you take out your policy, the more affordable it will be.

Life Insurance and Annuity Investments: Choosing The Right Balance

Life insurance is an important protection for your family, but it can also be a valuable investment. There are a number of life insurance options that are also wise financial choices which provide you with a return on your premiums. An annuity investment is one option in the insurance market that can not only help you protect your investment, but can usually be included with your life insurance policy, making investing safer and easier.