Broker Check

1617 NE 12TH AVE


Jeffery W. Masters & Associates, Inc.



Insurance and Protection

Insurance and Protection

Determining Life Insurance needs:

  1. How much is needed? Calculate annual income needed by family if you died. Multiply by ten (Ex: Need $50,000 per year get $500,000 of death benefit)
  2. How much can you afford in your budget to put toward Life Ins premium? Approx 5% of annual income max ($50,000 x 5% = $2500 per year)
  3. What kind of insurance should you buy? Term or Permanent Ins? Buy the Ins that provides the amount needed at a price that is affordable in your Budget. For most young couples who need max coverage for most affordability, term insurance may be the best choice best choice.

No Best Kind of Insurance

Term runs out and permanent can have a lifetime premium that eventually pays your family a death benefit. There are pros and cons on both products, each family must decide which plan best fits its needs, no single plan fits all.

Is Having Insurance Demonstrate a Lack of Trust in God?

God created us to live in a physical world in which there are things beyond our control, such as accidents and sicknesses. The treatment for these can cost thousands of dollars. Many Insurances are a reasonable and logical expenditure.                                                                                                                                                             

  • Health Insurance
  • Homeowners Insurance
  • Auto Insurance
  • Liability Insurance 
  • Disability Insurance                                                                                                                                                    

Remember Ps 37:25 "I have been young, and now I am old, yet I have not seen the righteous forsaken, or his descendants begging bread."