LIFE INSURANCE TIPS

How Much Coverage?
One rul-of-thumb is to take your annual salary and multiply it by a factor of 8. But for a more accureate analysis, spend a few minutes with your agent and do a more thorough calculation of your needs both new and anticipated in the future. A little planning can go a long way to protect your family's lifestyle and give you better peace-of-mind.

Permanent (Universal) Life
More expensive than term, but keeps a level premium that is guaranteed to a much older age (often to age 100). These policies accumulate a "cash value" and often pay dividends.

Cash Value or Surrender Value
If you cancel a permanent life policy, this i the amount of money you get back in return for turning in the policy.


Life Insurance: There for Your Loved Ones When You Can't Be


It may initially seem complex, but the most important thing to know about life insurance is that it's the responsible choice for people who want to protect their loved ones and their lifestyles from the financial burden that comes from the loss of life. Your life insurance agent at Ross Insurance Agency will help you select the right policy for your unique situation, needs and budget.

There are several types of life insurance policies - each with their own unique benefits. We'll take the time to understand your needs, determine the amount of life insurance you need and select a policy that will give you and your dependents peace of mind.

  • Term life insurance is often the most affordable option and provides ample coverage for a specified period of time, which makes it a popular choice among young families.

  • Whole life and universal life insurance policies provide permanent protection for your dependents and builds cash value. These policies provide a great way to generate supplemental retirement income.

  • Annuities are another type of insurance benefit you may consider as part of your estate planning. Many include tax-deferred growth of earnings and a death benefit.

Protecting lifestyles is our cornerstone, from retirement planning to ensuring adequate life insurance protection for whatever your stage of life. For 50 years, Ross Insurance Agency has delivered real savings to clients in Lancaster, PA and its many communities - and we're ready to work for you!

Ross Insurance Agency
1496 Lititz Pike • Lancaster, PA 17601
Phone: (717) 397-4729 • Fax: (717) 397-6756
Email: info@rossinsuranceagency.com

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