Who Should Purchase Life Insurance in Austin, TX

Insurance can be a handy safety net to have in place should the worst happen. This is particularly true with Life Insurance in Austin TX. Nobody wants to think about dying, but some people should have this type of insurance to help protect their loved ones just in case they do pass away unexpectedly.

People With Children

A term life insurance policy that covers the time until the children are all at least 21 years old is a good idea for parents. This way, if something happens to one or both of the parents, there will be money to help support the children in the way they’re accustomed to. This money would help someone else be able to afford to care for the children.

People With Others Dependent on Their Income

Couples that live off of one person’s income, those who support their parents, or those who have large debts that are cosigned by other family members can also benefit from life insurance. This way, should they pass away, the people who are relying on their income will still be okay.

Amount of Insurance

There are different theories on just how much Life Insurance in Austin TX is necessary. These range from about three times a person’s yearly income plus any debt to simply using five to seven times the income. Another method is to multiply the income by the number of years the life insurance benefits are meant to cover, along with any additional fixed expenses, which is why some parents make sure to get a large enough policy to cover college costs for all of their children as well.


It’s a good idea to start a life insurance policy as young as possible, as this is when it tends to be less expensive, The older people get, the more expensive term life insurance gets, and in some cases, it may not be possible to get a policy. This is part of the reason why some people start getting life insurance after getting married even if they don’t have kids yet.

Contact Patrick Court for more information. He and the other State Farm agents can help with all your insurance needs.

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