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Welcome to the SWBD family! 

As your appointed agents, we are available to help you during the year with questions that may arise with your health or dental plan selections. Just a few ways we can be of service is helping with claims and billing issues, finding in-network providers and facilities, and requesting member cards.

We look forward to being of service to you and your family.

Who Needs Life Insurance?

Honestly, we all do. Even if you're single and have no dependents, you still need to provide money to cover your debts as well as the expenses related to death—your funeral, estate, attorney fees, and other expenses—so your loved ones aren't saddled with this burden.

And if you’re the primary provider for your dependents or have a significant amount of debt, then insurance can help ensure your loved ones are well taken care of if something happens to you. 

How do I know how much life insurance I need?

A good estimate of life insurance needs requires using a formula that includes your future financial obligations and your assets, such as savings, that your loved ones can use if you die.

Step One

Add all the amounts for the following categories together

  • Your annual income multiplied by the number of years your loved ones will need that salary. For example, if you make $50,000 and want to provide your family with that income for 10 years, you would need $500,000.
  • Combine financial obligations, including your mortgage, credit card debt and loans.
  • If you have children, think about your children’s future educational needs, including college
  • Estimated final expenses, such as the cost of your funeral.*

*Forbes Magazine

Step Two

Subtract the amounts below from Step One 

  • Savings
  • College 529 Savings
  • Other life insurance policies 

Things to Remember:

At-home parents, who may not have a salary but whose household contributions are critical, should estimate how much the family may have to pay for child care, house cleaning, and other services.

If you have life insurance through an employer, these policies are usually provided at no cost but offer limited death benefits and are connected to your employment. Once you leave the job, you’ll likely lose the life coverage.

sStep One - Step Two = Amount of Life Insurance Neededs