How much Life Insurance do you really need?Remember that when purchasing life insurance it's all about how much capital your family will need when you die.
How much will be needed when you die to meet immediate obligations? This amount is the accumulation of all final expenses: medical bills, funeral and estate-settling costs, outstanding debts, mortgage balance and college costs. How much future income will be needed in order to sustain the household? This is the summation of the “present value” of cash-flow streams your loved ones will need after your death. |
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