Do You Have Enough Life Insurance? Take the Quiz to Find Out

 

Life insurance isn’t just about having a policy — it’s about having the right amount of coverage for your family’s needs. Too little coverage can leave loved ones financially vulnerable, while too much may mean you’re paying for protection you don’t really need. So how do you know if you’ve struck the right balance?

We’ve created a quick quiz to help you evaluate whether your current life insurance is enough.

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📝 The Quiz

1. How many people depend on your income?

• 1. No one
  2. One or two people
  3. Three or more dependents

2. Do you have outstanding debts (mortgage, car loans, student loans)?

• 1. None
  2. Less than $100,000
  3. More than $100,000

3. What is your household’s annual income?

• 1. Less than $50,000
  2. $50,000–$100,000
  3. Over $100,000

4. How long would you want your family to be financially supported if something happened to you?

• 1. Less than 5 years
  2. 5–10 years
  3. More than 10 years

5. Do you have savings or investments that could cover expenses?

• 1. Yes, more than $250,000
  2. Some, but less than $250,000
  3. Very little or none

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📊 Scoring Your Results

• Mostly A’s: You may already have enough coverage, or possibly need only a small policy for final expenses.
• Mostly B’s: You likely need moderate coverage — enough to pay off debts and provide 5–10 years of income replacement.
• Mostly C’s: You should strongly consider a larger policy. Your dependents, debts, and income level suggest that substantial coverage is necessary to protect your family’s future.

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💡 Why This Matters in Lexington, SC

Families in the Midlands face unique financial realities:

• Rising housing costs in Lexington and Columbia mean mortgages are often the largest debt.
• College tuition for USC, Clemson, or Midlands Tech continues to climb.
• Many households rely on dual incomes, so losing one earner can be devastating.

Life insurance is not just a financial product — it’s a promise to your family that their future is secure.

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✅ Next Steps

• Review your current policy. Does it match your quiz results?
• Consider riders. Options like child riders, long-term care riders, or accelerated death benefits can add flexibility.
• Talk to a local expert. At Mauldin Insurance Group, we specialize in tailoring coverage for Midlands families — whether you’re turning 65, planning for retirement, or just starting out.

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📣 Call to Action

Ready to see if your coverage is enough? Contact Mauldin Insurance Group in Lexington, SC today for a personalized review. We’ll walk through your quiz results, debts, income, and goals to make sure your family is protected.