How do you figure out how much life insurance you need? A number of factors come into play, including your age, marital status, and a number of children. Don Allred Insurance serving Burlington, NC, would like to offer some guidelines.

You should carry enough life insurance to pay for your final funeral expenses, any outstanding debts, and living expenses for any spouse and children that you leave behind.

Outstanding debts can include credit card balances, home mortgages, and car payments. You should carry enough insurance that these debts can be covered by your beneficiaries, such as a spouse or significant other.

If you have a family, your life insurance policy should contain enough money to help cover living expenses for the loved ones who survive you. Remember, not only will you be gone, but the income you have been contributing will be gone, as well. The payout will help ensure that your family continues to enjoy the standard of living they have grown accustomed to.

If you still have minor children, your policy should contain some money that can be put aside for their college education. If you are the caregiver of an ailing parent or a child with special needs, a life insurance policy can help ensure that the care can continue.

If the spirit moves you, you can stipulate that some of your life insurance policy payout will go to a charity in your memory.

Tabulate these expenses and then come up with the level of life insurance that you would like to take out. If you have any other questions about life insurance, feel free to contact Don Allred Insurance serving Burlington, NC.

Health insurance is an incredible thing that can help to cut the costs of medical care but understanding who is covered may be difficult. For those that live in the Burlington, NC area, the agents with Don Allred Insurance can help you to find the coverage that works for you and all the members of your family.

When it comes to family coverage, any family member that is the dependent of the policyholder is going to be covered. This means that if you have adopted children that are your legal dependents, you can add them to your family health insurance coverage. This is something that is well worth noting as many people assume that only your biological children can be covered on health insurance. Another good example of this is that if your spouse has children and you all live together, you can cover these children on health insurance policy as they are legal dependents of the policyholder.

It is important for insurance companies to take the time to outline who can be covered and who cannot in order to make sure that only those that have a vested interest are insured on a policy. This is to protect the insurance company in terms of not insuring anyone that just comes along. For the most part, you are going to be required to provide a social security number, name, and date of birth in order to add someone to your health insurance coverage.

You can cover any legal dependent, this means if you have a parent even that is the legal dependent you can cover them on your health coverage. For those that live in the Burlington, NC area, the agents with Don Allred Insurance can help you to find the perfect policy for your needs and for your specific family situation.