Erica Boll-Feltes Insurance Service Inc
Erica Boll-Feltes Insurance Service Inc

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Erica Boll-Feltes Insurance Service Inc.

1806 Wisconsin Ave

New Holstein, WI 53061

 

Phone:   920-898-5781

              800-758-2116

Fax:       866-898-5998

 

E-mail:   Erica@Boll-Ins.com



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Call us anytime, even outside of our regular business hours:

 

Phone   920-898-5781

              800-758-2116

 

Fax       866-898-5998

Client Services

Discover the advantages of insuring with Erica Boll-Feltes Insurance Service Inc. Learn more.

Life insurance is a topic that no one wants to think about.  

 

Should you buy life insurance?
You should probably consider buying life insurance if any one of the following is true:

  • You are married and your spouse depends on your income
  • You have children
  • You have an aging parent or disabled relative who depends on you for support
  • Your retirement savings and pension won't be enough for your spouse to live on
  • You have a large estate and expect to owe estate taxes
  • You own a business, especially if you have a partner
  • You have a substantial joint financial obligation such as a personal loan for which another person would be legally responsible after your death

 

In all of these cases, the proceeds from a life insurance policy can help your loved ones continue to manage financially during the difficult weeks, months, and years after your death. The proceeds can also be used to meet funeral and other final expenses, which can run into thousands of dollars.

 

If you're still unsure about whether you should buy life insurance, a good question to ask yourself is: If I died today with no life insurance, would my family need to make substantial financial sacrifices and give up the lifestyle to which they've become accustomed in order to meet their financial obligations (e.g., car payments, mortgage, college tuition)?

 

If you need life insurance, don't delay.  We are here to help you. 

Once you decide you need life insurance, don't put off buying it. Although no one wants to think about and plan for his or her own death, you don't want to make the mistake of waiting until it's too late.

 

Periodically review your coverage
Once you purchase a life insurance policy, make sure to periodically review your coverage with Erica, especially when you have a significant life event (e.g., birth of a child, death of a family member).  We will make sure that you have coverage that adequately meets your needs. The most common mistake that people make is to be underinsured.

 

For example, if a portion of your life insurance proceeds are to be earmarked for your child's college education, the more children you have, the more life insurance you'll need. But it's also possible to be overinsured, and that's a mistake, too--the extra money you spend on premiums could be used for other things. If you need help reviewing your coverage, contact Erica here.

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