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At Coomer Insurance, we recognize the paramount importance of life insurance as a cornerstone of financial well-being. Our life insurance solutions go beyond mere policies; they stand as a pledge to safeguard your family's future in the face of life's uncertainties.


Life insurance ensures that your loved ones are shielded from the financial impact of unexpected events, offering a vital safety net during challenging times. Beyond immediate support, our tailored coverage can replace lost income, settle debts, and help maintain your family's standard of living.


Moreover, life insurance serves as a testament to responsible financial planning, contributing to estate protection and legacy building. With Coomer Insurance, you're not just securing a policy – you're investing in the enduring security and prosperity of those you hold dear. Trust us to be your partner in ensuring a future where your loved ones are well cared for, no matter what life may bring.

Life Insurance 101

How many types are there? What kind fits "MY" need?

There are various types of life insurance policies, each designed to meet different needs and financial goals. Here are some common types of life insurance and a brief overview of what they do:


  1. Term Life Insurance:

    • What it does: Provides coverage for a specific term, such as 10, 20, or 30 years.

    • Purpose: Ideal for temporary needs, such as income protection during the working years or covering a mortgage.

  2. Whole Life Insurance:

    • What it does: Offers lifelong coverage with a cash value component that grows over time.

    • Purpose: Acts as a long-term financial vehicle, providing coverage and a savings/investment component.

  3. Universal Life Insurance:

    • What it does: Combines a death benefit with a savings component and allows flexibility in premium payments.

    • Purpose: Offers more flexibility in adjusting coverage and premiums, and allows potential cash value growth.

  4. Indexed Universal Life Insurance:

    • What it does: Similar to universal life but with cash value growth tied to the performance of a stock market index.

    • Purpose: Combines the flexibility of universal life with the potential for cash value growth linked to market indices.

  5. Final Expense Insurance:

    • What it does: Offers a smaller death benefit to cover funeral and burial expenses.

    • Purpose: Provides a more affordable option for seniors with minimal coverage needs.

  6. Business Life Insurance:

    • What it does: Provides coverage for key employees or business owners to protect the financial interests of the business in case of their death.

    • Purpose: Ensures business continuity, helps with succession planning, and provides funds for buy-sell agreements.


Choosing the right type of life insurance depends on individual circumstances, financial goals, and coverage needs, whether for personal or business purposes. It's advisable to consult with one of our Insurance Professionals to determine the most suitable policy based on your specific situation.

Determining how much life insurance you need involves considering various factors, such as your financial obligations, dependents, income replacement needs, and future goals. Coomer Insurance can assist you in assessing your specific situation to determine an appropriate coverage amount. Here's a general guide to help you get started:


  1. Income Replacement:

    • Consider how much income your dependents would need to maintain their lifestyle if you were to pass away. A common rule of thumb is 5 to 10 times your annual income.

  2. Debts and Expenses:

    • Factor in outstanding debts, mortgage, and other financial obligations. This ensures that your loved ones won't be burdened with these expenses.

  3. Education Expenses:

    • If you have dependents planning to pursue higher education, include the estimated cost of tuition, fees, and other educational expenses.

  4. Final Expenses:

    • Account for funeral and burial expenses, which can be substantial. Including these costs ensures that your family won't need to cover them out of pocket.

  5. Emergency Fund:

    • Consider including an emergency fund in your life insurance calculation to provide a financial cushion for unexpected expenses.

  6. Special Considerations:

    • If you have special considerations such as a business, outstanding loans, or specific financial goals, include those in your coverage calculation.


Coomer Insurance's experienced agents can guide you through a detailed analysis to determine the appropriate coverage amount based on your unique needs and circumstances. Keep in mind that your life insurance needs may change over time, so it's advisable to review your coverage periodically, especially after significant life events such as marriage, the birth of a child, or major financial changes.

To get a more accurate estimate tailored to your situation, reach out to Coomer Insurance for a personalized consultation. They can provide insights and recommendations based on your specific needs and goals.

How much life insurance do I need?

Click below is you have more questions or if you're ready to Get Life!

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