What questions should I ask to determine if I need Life Insurance?

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Bob Ley with AIG
Vice-President of Sales with AIG American General, AIG
Term Life Insurance  

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions.  AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer.  In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.  AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

What questions should I ask to determine if I need Life Insurance?

In this video, Bob Ley from insurance company AIG discusses the many issues surrounding how to select and purchase life insurance.

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Host: What questions should I ask to determine if I need life insurance?

Bob Ley: If I died tomorrow, how would my loved ones fare? Would they have the money to pay for my final expenses, funeral cost, medical bills, taxes, debts, lawyers etcetera? Would they be able to meet on going living expenses like rent or the mortgage payment, food, clothing, transportation cost, health care, without having to change their lifestyle. If you have secured these immediate needs what about long range goals? Like money for the kids college or your spouse's retirement.

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