Life Insurance in New Berlin, WI | MM Insurance Associates

Frequently Asked Questions

What types of life insurance are available?

The main types are term life insurance (coverage for a specific period like 10, 20, or 30 years), whole life insurance (permanent coverage with cash value), and universal life insurance (flexible premiums and coverage). Each serves different needs and budgets.

How much life insurance do I need?

A common guideline is 10-15 times your annual income, but the right amount depends on your debts, mortgage balance, number of dependents, future education costs, and your family's lifestyle needs. We can help you calculate the right amount.

How much does life insurance cost?

Life insurance costs depend on your age, health, coverage amount, and policy type. A healthy 35-year-old can typically get a $500,000 term policy for $25 to $40 per month.

What is key man insurance?

Key man (key person) insurance is a life insurance policy a business takes out on an essential employee or owner. If that person passes away, the business receives the death benefit to cover the financial impact of losing that individual.

Does MM Insurance help with disability insurance too?

Yes. We offer disability insurance that replaces a portion of your income if you become unable to work due to illness or injury. This is an important but often overlooked part of a complete insurance plan.