How to calculate your life insurance needs and premium

MICHAEL DAVIS | October 18, 2018

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Buying a house, getting married, having a child, or some combination thereof brings many wonderful things into your life. It also causes a sobering realization: you’ve now reached a stage of life where your mortality has practical ramifications for your loved ones. If you die early, there are people who could be left scrambling to make ends meet, even as they deal emotionally with your loss. In short: you now have dependents, which means you now need life insurance. But once you’ve reached that conclusion, there are still questions, from how much life insurance you need to what the premium could cost, to how long will it take to have a policy in place.

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Federated National Insurance Company

Founded in Florida in 1992, we are committed to providing fair and competitive pricing coupled with exceptional customer service. Federated National Insurance Company currently holds a Financial Stability Rating of “A” (Exceptional) by Demotech, Inc. and an A+ by the Better Business Bureau.

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