When purchasing life insurance, the question really isn’t how much you need, but how much capital will need at the time of your death, which depends on two variables:

1)    How much will be needed at death to meet immediate obligations?

This amount takes into account all final expenses: uncovered medical bills, funeral and estate-settling costs, outstanding debts, mortgage balance and college costs to name a few.

2)    How much future income is needed to sustain the household?

This is the number you’ll arrive at after calculating the “present value” of cash-flow streams your family will need after your death.


Green Financial will help you calculate your needs

Who Needs It?

If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family or business after your death

This cash, known as the death benefit, replaces your income and can help your family or business meet the many important financial needs like ongoing expenses, funeral costs, daily living expenses and college funding. What’s more, there is no federal income tax on life insurance benefits.

House over head

Life Insurance is the Bedrock of Protection

Term life insurance is one of the first financial assets a household or business should have to protect itself.   Every financial pyramid shows life insurance as the foundation stone.

High income earners or those with family have additional needs.  Contact Green Financial for Group and Individual term life insurance.

There are also several business related life needs we can assist with such as Key Man, Partnership Buy-Out and Debt Protection.