8674 Mary Ball Rd, Lancaster, VA 22503 or by mail at PO Box 187 Lancaster VA 22503 | mike@mikecallisinsurance.com
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Call us: 804-462-7631
Michael B. Callis Insurance
Licensed in the State of Virginia Only

FAQ For Michael B. Callis in Lancaster, Virginia

Q: Do I need insurance and how much life insurance should I own?
A: The purpose of life insurance is to provide a source of income in case of your death, for your children, dependents, or other beneficiaries. Life insurance can also serve other estate planning purposes, such as giving money to charity on your death, paying for estate taxes, or providing for a buy-out of a business interest.
The suggested amount of life insurance should equal 6 to 8 times annual earnings. Many factors should be taken into account when determining the right amount of life insurance for you and your family.
Important factors should include:
  • Other income sources and amounts other than salary/earnings
  • Whether or not you are married and, if so, what is your spouse's earning capacity
  • The number of individuals who are financially dependent upon you
  • The amount of death benefits payable from Social Security and from an employer-sponsored life insurance plan
  • Whether any special life insurance needs exist such as mortgage repayment, children's college fund, estate planning, partnership buyout, etc.
Calculating the right amount of insurance to buy depends on many factors. Contact me for help in determining the right amount of coverage.

Health & Insurance Questions

Please click HERE for useful links through Anthem Health Center to provide answers for your health and insurance questions.

New To The Area?

Do you know where that special creek or waterfront property is located? The search stops here. These charts and these informative links will familiarize you with waterfront locations from the Potomac to the Rappahannock River to the Chesapeake Bay.