Life Insurance Training
If you have a family, you know it is important to protect them in the event of an unexpected death. Determining the right amount of coverage is key and should be based on your (HLV) Human Life Economic Value. i.e. how much an attorney would sue for in the event of a wrongful death accident.
HLV is used to provide for both basic needs and the things you would have wanted for your loved ones like a safe neighborhood, reliable transportation, college, or that special wedding you promised your daughter. However, we find that most insurance companies and life agents do not use HLV and favor what is called "needs analysis" to determine coverage amount.
Think of "needs analysis" like a formula to determine the minimal your family would need to just get buy if you were not here. We are not saying you should use one vs. the other. Our mission is to educate you in hopes that you will make a better informed choice based on your goals.
This video is going to ignore coverage amount and assume you already know this. The purpose of the video is to help you make the best decision when it comes to product type and contract design of the insurance you own or end up buying.