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Life Insurance Tip:
Buy The Right Amount For Your Needs
Probably the most asked question in the life insurance business is ow much insurance should I buy?
Most experts recommend you buy a life insurance policy worth about seven times what you make in a year. So if you make $50,000, they would recommend about $350,000 in insurance ($55,000 x 7 = $350,000). Your needs change as your life changes. For example, if you have young children with college still in front of them, you probably will want to buy more life insurance. If your kids are all married and you have a significant nest egg put away, you may be able to get away with less. If you want a more precise number, you should talk to an insurance agent about what's right based on your particular situation.
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28 Aug 2008 at 3:16am
Life insurance companies in China, both domestic and foreign-funded, collected 481.89 billion yuan (70.55 billion U.S. dollars) in premiums in the first seven months of this year, up 66.7 percent year-on-year, the China Insurance Regulatory Commission (CIRC) said on Thursday. The growth rate was 2.3 percentage points higher than in the first half alone, it said. In terms of life insurance ...
28 Aug 2008 at 6:12am
Mumbai, Aug 28 : Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance), the life insurance arm of Kotak Mahindra Bank, today announced reduction in its term plan rates upto 40 per cent.
28 Aug 2008 at 4:49am
Life insurance companies in China, both domestic and foreign-funded, collected 481.89 billion yuan ($70.55 billion) in premiums in the first seven months of this year, up 66.7 percent year-on-year, the China Insurance Regulatory Commission (CIRC) said on Thursday.
27 Aug 2008 at 7:33pm
Fort Dearborn Life Insurance Company has named Anthony Trani as the new president and CEO of the company. He replaces the retiring president Larry Newsom.
27 Aug 2008 at 9:19pm
OBSNews.com -- Mergers and acquisitions have long dominated U.S. business headline, and life insurance company mergers have been among the most noteworthy.
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