We are your trusted partner
We are fully independent which means we are loyal to our clients, not the companies we represent. When you choose to work with us, you can rest assured that we will do all of the heavy lifting.
About Our Agency
Our mission is to empower our clients with the knowledge to make the best decisions for themselves, their families, and their businesses. We always put our clients first.
We review your complete financial plan
Investment professionals want to sell you investments. Insurance professionals want to sell you insurance. We want to understand your entire financial puzzle, not just one piece.
Trusted Advice
Solid Solutions
Individual Solutions
Life insurance is the foundation upon which a solid financial future is built. We represent some of the most well-known names in the industry to find the right solutions for you.
Do you have over $7,000 in unsecured debt? Credit cards? Medical bills? Student loans? Back taxes? You may qualify to work with one of our debt resolutions specialists.
Whether you just started your first job or are planning to retire after 40 years, we have the tools that can help you accumulate wealth and protect your hard earned savings.
College funding is one thing, but college planning involves: skills assessments, college applications, grant and scholarship assistance, and a host of other complex tasks which is why we partner with the Heartland Institute.
Home and auto insurance provide financial protection against unexpected events like accidents, theft, and natural disasters, ensuring that you can recover and rebuild without facing significant financial hardship.
We offer diverse dental and vision coverage to meet your budget and health needs. With online enrollment and rates based on location instead of age, you are sure to find the perfect fit.
Medicare is complicated. With an array of Medicare options and significant rate variations, we strive to simplify the process for you, and help you select the best choice.
You insure your home and your car—but your income and earning potential are more valuable than any possession. Think of disability income insurance as protection for your paycheck.
Business Solutions
Group benefits such as health, retirement, and wellness solutions, help to foster employee satisfaction, loyalty, and productivity while reducing turnover and keeping your business competitive.
Whether you're seeking general liability, workers compensation, auto, cyber security, or any other line of coverage, we are here to help you protect your business. We can tailor your coverage to make sure you're getting exactly what your business needs.
We aim to assist businesses in managing financial records, tracking expenses, and following tax rules. With our help, businesses can simplify financial tasks and make smart choices to grow and succeed.
Offer your employees a course taught by a CFEd® certified instructor. Whether your employees need help with retirement, cash flow planning, or debt management, or other important areas of financial education, we can help.
Read Our Latest Blog Posts
How Much Life Insurance Coverage Do You Really Need?
How Much Life Insurance Coverage Do You Really Need?
Life insurance is more than just a policy — it’s peace of mind. The right amount of coverage ensures your family is financially protected if something unexpected happens to you. But how do you figure out the right number?
Here’s a simple breakdown to help you determine how much life insurance coverage you really need.
1. Assess Your Current Financial Situation
Start with the basics:
Income: What do you earn annually?
Expenses: What does your family need monthly to live comfortably?
Debt: Mortgage, car loans, student loans, credit cards.
Savings/Investments: Cash, retirement accounts, other assets.
Think of this as your financial “snapshot.” It sets the foundation for calculating coverage.
2. Factor in Your Dependents’ Needs
If you have a spouse, children, or anyone who relies on your income, your policy should cover:
Housing (mortgage/rent + utilities)
Food and living expenses
Education costs (college tuition, childcare)
The goal: replace your income so your loved ones can continue their lifestyle without financial stress.
3. Calculate Income Replacement
A common rule of thumb: 10x your annual income.
Example: If you earn $60,000/year → Target coverage = $600,000.
This ensures your family has enough years of financial security to adjust and plan for the future.
4. Cover Debts + Final Expenses
Don’t leave your family with unpaid bills. Your policy should include:
Mortgage or rent balance
Car loans and credit cards
Funeral and burial costs (average: $8,000–$12,000)
This step keeps your loved ones from inheriting financial burdens.
5. Plan for Future Needs
Life insurance isn’t just about today — it’s about tomorrow. Consider:
Children’s college tuition
Retirement planning for your spouse
Long-term care or medical costs
If these are priorities, a permanent life insurance policy with cash value or investment options might be worth exploring.
Key Takeaway
The right coverage depends on your unique situation — but by looking at:
✔️ Current finances
✔️ Dependents’ needs
✔️ Income replacement
✔️ Debt + final expenses
✔️ Future goals
…you’ll be able to find a policy that provides the protection your family deserves.
Don’t leave it to chance. The best time to calculate and secure coverage is before you need it.
Ready to see what it takes to protect your family? Request your free life insurance quote today.
Let's work together!
Start with a complimentary financial needs analysis. This will give you a chance to meet us and to see how we can help you achieve your dream.
Our Trusted Partners
Life - Annuity - Health
Home - Auto - Business
Our Trusted Partners
Life - Annuity - Health
Home - Auto - Business
Office:
450 St. John Rd. #2039
Michigan City, IN 46361
Call or Text:
219-259-5835
Email: [email protected]
Site:
www.bairandassociates.com