Life insurance FAQs

Life insurance is something that you do for the ones you love. You don’t usually benefit from it, but there is a certain satisfaction and peace of mind in knowing that the ones you love won’t be poverty-stricken if something happens to you. At Johnsen Insurance in Baraboo WI, we know that life insurance is essential coverage most people don’t know a whole lot about. We are here to answer the questions you may have today and every day. 

Is it possible to be too old to buy life insurance?

Not if you have someone dependent on you or want to leave a legacy to your grandchildren or great-grandchildren. It may not be the best investment, but having said that, it is risk-free, so it may be something you feel comfortable buying. Some people buy life insurance to make sure their final expenses are paid for, which is another good reason. 

Do you need to buy life insurance if you get some as an employment benefit?

Yes, you do. Your life insurance from your employer is a great benefit, but consider the possibility that you leave that employer or get sick and cannot work. What then? It is always best to have personal control over your protection. You know better than your employer how much life insurance you need. 

How much life insurance do I need?

How much you need depends on what your income is and who depends on that income. You need to figure out how many years of your income you need to provide and that will give you a basic figure to build your insurance portfolio on. You want to balance that with what you can afford. 

To discuss your life insurance needs, call Johnsen Insurance in Baraboo WI. We are here for you.