Building Today for Your Tomorrow
Krietzberg Financial Group
333 Thornall Street
Suite 9B
Edison, NJ 08837
ph: 732-623-2073
fax: 732-623-2088
How Much Life Insurance is Enough?
You are probably aware of the importance of having enough life insurance coverage to handle the financial contingencies that may affect your family in the event of your death. However, determining the necessary amount of life insurance can be complicated. One general rule of thumb is that you should have enough coverage to equal five to seven times your annual salary. However, you may want to determine the "right" amount of life insurance coverage with a careful "needs analysis," rather than using an arbitrary formula. The needs analysis approach incorporates an evaluation of your family's most important financial obligations and goals. This leads to planning insurance coverage to help address mortgage debt, college expenses, and future family income, as well as to provide liquidity for meeting future estate tax liabilities. As you develop an insurance strategy, remember to analyze your existing policies and consider other resources that may be available to your family, such as retirement benefits and savings. Remember, having the proper life insurance coverage can play a major role in any family's financial protection.
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Have you ever thought about what makes you so successful? Passion. Vision. Drive. Family. Teamwork. Focus.

And confidence. You are confident in every decision that you make as a professional. You know instinctively what’s right and what’s wrong, what will work and what won’t. You can’t always explain why, you just know.

Can you say the same thing about your personal planning?

Are you confident that you have planned for your business succession?

Are you confident that you have a plan in place to distribute your assets to your family or to charity? and not pay unnecessary taxes?

Are you confident that your investment portfolio is exactly where it should be? Are you confident that you’re being compensated for the risk that you’re taking in your portfolio?

Are you confident that you can retire when you want?

At Krietzberg Financial Group, David and Curtis have the same passion, vision, focus and confidence in their profession that you have in yours. But our profession revolves around you.

Our sole job is to make sure that you are confident in all of your financial decisions.