The Need for Life Insurance in Eastern Long Island
It’s no surprise that Forbes Magazine recently rated Suffolk County and the East End as having some of the most expensive property values in the country. Our goal is to help you protect those assets for your family or business in the event the unexpected happens.
Consider some quick facts about Suffolk County:
- Estimated population of Suffolk County NY: 1,499,738
- Average value of all kinds of owner-occupied homes: $383,400
- Average home sales price in the Hamptons: $975,000
- Homeownership rate: About 80 percent
The most common reason that individuals purchase life insurance in our area is to make certain that their family can retain ownership of their home and other assets if the main income earners should unexpectedly pass away. These policies pay cash to beneficiaries, and few survivors ever found they had too much money after they lost a family income earner.