What Amount Would You Sue For?

What Amount Would You Sue For?

Here’s an uncomfortable thought. If a loved one or spouse were to be killed in an auto accident due to the negligence of another, what damages would you seek? There are lawyers who make a career out of such cases, because they often have lucrative settlements.

It is likely you wouldn’t settle for an amount in the tens of thousands of dollars. After all, their life was shortened, ability to produce an income was stopped, not to imagine the other losses associated with an at-fault accident.

While many lawyers will seek out a million dollar or more settlements in such cases, the victim may have only carried a modest amount of insurance on their own life. It can be viewed as a bit ironic that a person may only carry a few thousand dollars of insurance on their own life, but should that life be taken by another, its value rises into the millions.

Understandable, mind you, but a bit ironic.

We are sometimes asked how much life insurance a person should have. You can answer your own question by asking how much compensation would you seek in the event of that’s person’s unjust death? It is a question worth asking.

Life insurance prices are at an exceptionally affordable level. If you haven’t had a price quote on life insurance for you or a loved one, now is the time to at least explore your options. There is no obligation to get a quote. Just contact us and share a bit of information. Tell us about your future financial goals and current personal status. We can go to work building a plan for you. Again, there’s no obligation. Even if you feel you can’t quite afford the full amount of insurance you desire, we can help you get started with a solid plan to build upon,

See how easy we can make it. Connect with on of our agents today.

 


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Generic filters

Read More Insurance Blogs

The Ultimate Spring Cleaning: Why March is the Month to Audit Your Life Insurance Beneficiaries

Don’t just clean your closets this March. Ensure your life insurance beneficiaries are up to date to protect your family’s future.

The Business “Prenup”: Why Business Partners Need Life Insurance in February

Love your business partner? Protect your company with a Life Insurance-funded Buy-Sell agreement to ensure the business survives the unexpected.

New Life, New Responsibility: Why a February Arrival Means Updating Your Policy

Welcoming a new family member this February? It’s time to move life insurance to the top of your to-do list to ensure your child’s future is secure.

A Presidential Legacy: Using Life Insurance to Fund Your Charitable Vision

What will your legacy be? Learn how to use life insurance to make a significant charitable impact this Presidents’ Day without depleting your current savings.

A Gift Beyond Roses: Why Life Insurance is the Ultimate Expression of Valentine’s Day Love

Roses fade, but financial security lasts. Discover why life insurance is the most selfless Valentine’s Day gift you can give your family this year.

T-Minus 30 Days: The Late January Review of Beneficiaries and Tax Implications

Tax forms are here. Review your life insurance beneficiaries one last time, and understand the tax status of policy payouts vs. accrued interest.

The Mid-January Check-Up: Why Scheduling Your Life Insurance Exam Now Locks in the Best Rate

Don’t delay the exam! Schedule your Life Insurance paramedical exam in mid-January to lock in your best rate and complete your application process quickly.

Tax Season Lifeline: Why January is the Time to Secure Estate Liquidity with Life Insurance

Tax season is here. Use Life Insurance to create tax-free liquidity for your estate and protect your family business from forced asset sales.

The Healthy Policy: Leveraging Your January Wellness Resolutions for Life Insurance Savings

Did you resolve to get healthier? Your improved fitness can translate into lower life insurance premiums in the new year.

The Family Legacy: Why December is the Time to Name a Trust as Your Life Insurance Beneficiary

Protect your payout. Discover the benefits of naming a Trust as the beneficiary of your life insurance to control distributions and minimize probate delays.