Preheader

 

Get A Quote About Contact Home Page
  • Home
  • Get a Quote
    • Apartment/Condo
    • Automobile
    • Aviation
    • Boat
    • Business
    • Farm
    • Flood
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
  • Customer Service
  • Make a Payment
  • Claims
  • Resources
    • Refer a Friend
    • Hurricane & Flood Info
    • Louisiana Department of Insurance
    • Our Carriers
    • Insurance Glossary
  • Secure Area
  • Blog
  • Areas We Serve
    • Gulf Coast Region
    • Baton Rouge
    • New Orleans
  • About
    • About Us
    • Our Locations
    • Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
 
McInnis Insurance Services, Inc.

Personal Business Life Entertainment Medical Professional
Home > Life Insurance - Baton Rouge & New Orleans, LA

LOUISIANA LIFE INSURANCE 

Serving Baton Rouge, New Orleans and surrounding areas since 1929


How Much Life Insurance Is Enough?

Life insurance is a crucial step in planning for your future. Not only can life insurance provide assurance for your family if you are no longer around, there are life insurance policies that offer benefits while you are living.

How Much Life Insurance Is Right For You In Louisiana?

At the McInnis Insurance Services, Inc., we understand the life insurance needs of our customers. The necessity of life insurance depends on your own personal and financial needs. At McInnis Insurance Services, Inc. we assist and help you determine the type and amount of life insurance that is appropriate for you and your family. Generally, you should consider life insurance if:
  • You have a spouse
  • You have dependent children
  • You have an aging parent or a physically challenged relative who depends on you for support
  • Your retirement savings are not enough to insure your spouse's future against a rising cost of living
  • You have a sizable estate
  • You own a business
Additional benefits of life insurance other than providing for your loved ones, in case something happens to you include:
  • The cash value earned and borrowed from a permanent life insurance policy can be used to help with large expenses, such as a college education or down payment on a home.
  • The growth of a cash-value policy is tax-deferred — you do not pay taxes on the cash value accumulation until you withdraw funds from the policy. More about tax benefits.
  • Life insurance can be used to cover funeral expenses and pay estate taxes — consult your tax advisor agent for more information.
The right coverage for you is unique – talk to us today at McInnis Insurance Services, Inc. and find out how to protect your family and your future with the right life insurance. There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.

Life Insurance Quote Forms

Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates. 

Life Quote Form

Additional Resources:

Leaving Life Insurance for Your Child's Future Education

Are There Tax Benefits to Having Life Insurance?

Can Life Insurance Cover Mortgage Payments for Your Loved Ones?


icon Our Latest Blog
Read more >
icon What People Are Saying
Read more >
  • Progressive
  • CNA
  • Travelers
  • Liberty Mutual
  • Safeco
  • America First
  • America First
  • guard
  • gulfstates
  • lighthouseexcalibur
  • metlife
  • southernfidelity
Connect With Us: Facebook Twitter LinkedIn Google+ Yelp RSS
Icon

Visit Us

Agency
McInnis Insurance Services, Inc.
7814 Office Park Blvd
Baton Rouge, LA 70809

Phone: 225.926.0860
Toll Free: 844.926.0860
Fax: 225.923.3418
Icon

Site Links

Personal Insurance
Business Insurance
Life Insurance
Entertainment Insurance
Medical Professional Insurance

Hurricane & Flood Information
Make a Payment
Customer Service
File a Claim
Contact Us
Please note that we cannot bind insurance via email, fax or phone. Any quotes given are subject to underwriting guidelines by the respective insurance carriers. Any reference of coverage used is not intended to express legal opinion as to the nature of coverage, but rather just a brief generalization of coverages. Please read your policy for specific details of coverages.
© Copyright 2017. All rights reserved. Powered by Insurance Website Builder
How Can We Help You?
or call us at
225.926.0860