Life Insurance

Get the Essentials Covered with Life Insurance.

Life insurance is an essential part of the financial planning process. This is especially true if you have children, a spouse, or elderly parents that rely on you financially. Figuring how which option, premiums and benefit payouts are best for you… that’s where your team at Burkhart can help. We’ll shop our network of top-rated insurance carriers to find the best plan and benefit levels to protect the financial future of those you love.

Do you need life insurance?

The main reason people buy life insurance is to replace the income that would be lost with the death of a wage earner. Life insurance proceeds can also help ensure that your dependents are not burdened with significant debt upon an insured person’s death. These proceeds could mean your dependents won’t have to sell assets to pay outstanding bills or taxes. Another important feature of life insurance is that death benefits are not subject to federal income taxes, and if set up properly, benefits can be tax-free when desired. Here are some of the top reasons people choose life insurance:

  • Pay off your mortgage if something happens to you.
  • Replace your income and help support surviving family members.
  • Cover final expenses, so it isn’t a hardship on your family.
  • Help with estate planning and increase the amount that will be left to your family members.
  • Make a charitable gift with your life insurance payout.

Which life insurance policy should you get?

Burkhart Insurance primarily offers two key life insurance policies: Term Life and Permanent Life insurance. Here’s a breakdown of these policies that we’ll help you explore.

Term Life Insurance

Provides coverage for a specific period of time. The is the most inexpensive way to get a large amount of life insurance coverage. Level death benefit term periods with guaranteed level premiums include 10, 15, 20, or 30 years. Coverage expires at age 95.

Permanent Life Insurance

Provides coverage for the rest of your life.

How much life insurance do you need?

There’s a lot of factors that play into how much coverage you need. Your current amount of debt, savings, expenses, long-term goals and how much money those left behind need all play into that final number. Burkhart will help guild you through the entire process. Or if you want to crunch some numbers to get a rough idea, try this life insurance calculator.