Peace of mind
Term Life Insurance
Life insurance isn't the easiest subject to think about, but it is one of the most caring things you can set up for the people who depend on you. We specialize in term life insurance because it is the simplest type. You choose how much coverage you want and how many years you want it to last.
At Zimmer's Embershield Insurance Agency, we like to use term life for mortgage protection. If you pass away, the life insurance covers the remaining balance of the mortgage. Your family keeps their home, and they don't have to worry about the payment while they grieve.
Coverage calculator
How Much Coverage Do I Need?
This is the first question nearly everyone asks, and we use the DIME formula to answer it. Each letter stands for a number you add to your total. Once you add the four totals together, you have a solid starting point. From there, we sit down with you and adjust the number to match your budget and your goals.
-
Debt
Add up all of your debts other than your mortgage, such as car loans, credit cards, and student loans. Then add about $7,000 to $10,000 for final funeral expenses.
-
Income
Decide how much yearly income your family would need after you're gone, and multiply it by the number of years they would need support. Many parents count the years until their youngest child turns 18.
-
Mortgage
Write down the exact payoff amount remaining on your home loan.
-
Education
Estimate future college tuition for each of your children. Families often budget $100,000 to $150,000 per child.
Ready to see what the right coverage looks like?
Tell us a little about what you need and a Zimmer's Embershield broker will come back to you with written options. No obligation.
Request a Quote