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Kempton Insurance Group

7427 Matthews Mint Hill Rd
Suite 105-356
Charlotte, NC 28227


Insurance Blog

Which Family Members Need Life Insurance?

Many people find it uncomfortable to consider which family members should have life insurance. Nevertheless, it is essential to make these decisions by evaluating each family member’s financial and other contributions to the family. If you are considering acquiring life insurance and live in or near Charlotte, NC, consider working with our Kempton Insurance Group team.

Insuring Family Members

The most common approach for deciding which family members require life insurance is to consider the financial impact of each person’s potential loss. Below are descriptions of family roles to help evaluate whether individual family members need life insurance and the desired value of that insurance. Answering each question and considering the financial implications of the answers will help determine your insurance needs.

  • Breadwinners: Which individuals are the primary breadwinners? Would the family be able to cope without access to their income?
  • Caretaker: Do specific individuals care for children, aging adults, or other family members? What would it cost to pay others to provide similar care currently provided by the caretaker?
  • Legacy: Does the family have a history of hereditary health issues? Does a child have health issues that could affect their ability to qualify for life insurance as an adult?
  • Final Expenses: Does the family have the resources to pay for final expenses without life insurance?
  • Family Business: Do family members have a shared business interest? Is there a business succession plan with the necessary funding?
  • Debtor: Do you or your family members have debts, including to one another?

Working with Kempton Insurance Group

There are many reasons to insure different family members’ lives. Our Kempton Insurance Group team, serving the Charlotte, NC, area, can help you consider which family members need life insurance. Call us today at (888) 285-6660 to schedule an appointment.

Do all people need to have life insurance in North Carolina?

If you are in the Charlotte, NC area, you will want to know that you are adequately insured. A type of insurance coverage all people should consider obtaining is life insurance. There are many reasons why the typical person in this part of North Carolina will want to have this coverage at all times. 

Financial Support for Dependents

If you have people that depend on you and your income, having life insurance is very important. This is an essential form of coverage that provides financial support if you pass away unexpectedly, as it will provide a death benefit to your beneficiaries. You can build a plan that meets your needs in terms of term length and coverage amount.

Cover End of Life Expenses and Debts

Even if you do not have dependents, getting a life insurance plan can still be a good idea. If you pass away, your loved ones could incur various expenses, including funeral costs and other end-of-life expenses. Having a life insurance plan in place can provide financial support to help cover these costs, pay off debts, and even leave a little bit extra money and financial support to those that you care about the most.

It is very important for people in the Charlotte, NC area to have the right life insurance plan. When you start looking for coverage, you can quickly become confused and overwhelmed by all the options. If you would like some support, you can call our team with the Kempton Insurance Group. If you work with our professionals at the Kempton Insurance Group, you can get the guidance needed to evaluate your options and build the right life insurance policy. 

Types of Life Insurance

It’s important for many people to have life insurance to help those who are left behind. If you are thinking about life insurance, there are two main types that you can choose from. If you want to know more about life insurance, call us at Kempton Insurance Group in Charlotte, NC. 

Life Insurance: What You Need To Know

Whole Life Insurance

Whole life is a type of insurance that you can keep for the rest of your life. As long as you continue to pay your premiums, this insurance will stay in effect. This is especially helpful as you get older and getting a new policy could be extremely expensive. With whole life, the premiums tend to be a bit higher than with other insurance, but many people like that the insurance company can’t cancel the policy unless you stop paying for it. With this type of policy, you also get a cash value for your insurance that builds up over time. That’s money that you can borrow against if you need to. This can be highly useful if you ever have a financial emergency and need access to money.

Term Life Insurance

With this type of insurance, it is good for only the amount of years in the term. The policy outlines how many years the policy is good for, and you continue paying for that amount of time. After that, the policy is canceled. If you want to be insured after that, you have to apply for a new policy. Many people like this kind of insurance because it tends to be less expensive than a whole life policy. 

Contact Us Today

Whether you are interested in a whole life or a term policy, it’s important to have life insurance in place for your loved ones. To get started, call us at Kempton Insurance Group in Charlotte, NC.

How Much Life Insurance Do I Need?

What do you want to leave behind for your family? That is the question that many people ask themselves when they are deciding how much life insurance to purchase. If the answer is "a lot," you should focus on buying enough life insurance coverage.

If you’re wondering how much life insurance you need, Kempton Insurance Group in Charlotte, NC has put together this guide for you. To figure out how much life insurance you need, take into consideration these factors:

Income: Income is the number one factor to determine how much life insurance you need. If your income does not change, you will likely be fine with a smaller coverage because there are fewer needs for it in that situation (i.e., funeral costs). However, if your income changes often or drastically from year to year, more protection may be needed when determining life insurance amounts.

Debt: If you have a lot of debt, there may be more need for life insurance to pay off the debts and provide money for your family in case something happens to you before they can get back on their own feet financially.

Dependents: If you have children, the more dependent they are on your income, then higher life insurance would be appropriate.

Your situation: If you’re single with no kids, a lower level of coverage may suffice depending on how much wealth and assets you own.

Health: Your health status will determine how much life insurance you need. If you have a chronic condition that could affect your ability to work, then you would want more coverage than if you were in perfect health with no special needs.

Get Adequate Life Insurance Today

Many families spend time trying to save money on their funeral and end up putting off purchasing life insurance until it’s too late. This is a huge mistake because, without adequate coverage, your family may not have enough money for expenses like housing or education after you pass away.

For more information about life insurance coverage in Charlotte, NC, contact Kempton Insurance Group.

When Is the Best Time to Purchase Life Insurance?

Life insurance is something many people put off buying because they don’t think they will need it. The fact is, having it in place offers peace of mind and security for those who have it. Knowing when to buy a life insurance policy is just as important as purchasing the right type of policy. The agents at Kempton Insurance Group are proud to serve residents in Charlotte, NC, and nearby communities.

Starting a Family

One of the best times to buy a whole life policy is when you are first starting your family. This type of policy will provide for your family if the unthinkable occurs, and they are left to survive without your income. By buying your policy early, you know your family has everything they will need for the future. You can adjust the amount of your policy as your family grows or if your needs change.


When it comes to a term life insurance policy, the right time to purchase a policy is anytime! Term life policies are typically used to pay off final expenses or to eliminate any existing debt that may be left behind. The policy is set to pay out a specific amount, and the payments are spread out over a particular amount of time or term.

The agents of Kempton Insurance Group understand the importance of having the right type of life insurance policy. They are ready to explain the benefits of both whole and term life policies to all of their clients who live in Charlotte, NC. Call and set up an appointment to find out which policy will provide you with the benefits you need to care for your family.

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