If you’re considering the purchase of a life insurance policy to protect your loved ones, one of the most important questions you’ll ask yourself is "How much life insurance to buy?

Choosing the right amount of life insurance is a major factor in providing your family with the financial security they will need in case you pass away. And, it has the added benefit of making sure you aren’t paying for more life insurance than you actually need, given your goals and personal situation. 

The m...

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Life insurance plays an important role in your financial and retirement planning.

Life insurance creates cash upon the death of the insured person, and can also offer tax advantaged growth inside the policy.

Your first step is to determine what you want to accomplish with your life insurance and if your need for life insurance is temporary (30 years of less), or permanent, for your entire lifetime.

If you have a family you might want your life insurance coverage to replace y...

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The amount of life insurance someone needs who is 30 years old may depend on that person's situation.

For example, if you are married, have children, or single with no kids or dependents.

The greater your financial obligations the greater your life insurance needs, but that will also depend on how much you earn and how much money you have saved.

In addition, your future financial goals will impact your need for life insurance, as well as, your current outstanding debt.

Are you employed? If so, yo...
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The amount of life insurance you need will depend on your own personal situation, and what goals you want your life insurance policy to accomplish.

Many people choose to buy the amount of life insurance that will eliminate their debt and provide enough money to help their loved ones continue the lifestyle they have enjoyed with the insured person.

If you want your children to got o college, you will provide enough life insurance for that goal.

If you want to provide funds for your spouse's retir...
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