Your Frisco Life Insurance Agent
As an independent insurance agent, Parkwood Insurance can get you the best coverage that is right for both you and your loved ones. Your life is unique and your life insurance should be unique to you, we will find your the best coverage that will meet your your needs, goals and financial considerations. Parkwood Insurance has you covered.
Do I Need Life Insurance?
Life insurance is not only the cornerstone of a solid financial plan, but it’s hands down one of the most cost effective ways to protect the people who depend on you financially.
What would happen to your family if you were to die prematurely? Would they be able to maintain their current lifestyle?
Would your kids be able to go to college? Would your spouse be able to shoulder the load with one income?
If you have a child, are married, or you are carrying any kind of debt, purchasing life insurance is a no-brainer.
Life insurance will also:
- take care of charitable donations
- pay federal death and estate taxes
- create an inheritance for your heirs
- pay final expenses
How Much Life Insurance Do I Need?
A mistake that we often see people make is guessing at what level of coverage they need and just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.
One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.
The amount of coverage you need depends on a number of different variables. Here are a few examples:
- how many children you have
- your future earnings potential
- whether or not you’re married
- spouses future earnings potential
- you and your spouses age
- amount of debt you have
We Make Buying Life Insurance Easy
At Parkwood Insurance, we make the process of buying life insurance extremely simple.
We have access to a wide range of life insurance companies so we can survey the marketplace and based on your individual rating criteria, find the best possible life insurance policy at the best price.
When purchasing life insurance there are a few things to consider. Do you want Term Life Insurance, or Whole Life? Many of our clients don’t know the difference and that’s okay. That’s what we’re here for.