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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