Be Good To Your Money Bulletin http://ezezine.com
ON SALE TODAY!! BE GOOD TO YOUR MONEY ($11.70) AND BE GOOD TO GOD'S
MONEY ($9.60) AT WWW.AMAZON.COM !!
HOW MUCH LIFE INSURANCE DO I NEED?
I have been asked this question many, many times. It is not an exact
science, however, you can use these pointers as a guideline.
When times are hard and money is short, life insurance is usually the
first insurance we cancel. But it is one of the most important
insurances that we carry. If you don’t have enough life insurance, you
could put your family in a difficult situation upon your death, but
having too much could mean you are throwing money out the window. So,
how much life insurance do you need?
IF YOU'RE SINGLE WITHOUT CHILDREN
If you don’t have a spouse or any dependents, you may not need much, if
any life insurance at all. In this situation, when you pass, you
probably aren’t leaving anyone behind that relied on your income. Even
so, you may still want some very basic coverage to ease the family’s
pain by covering final funeral expenses. The average cost of a funeral
is $10,000.
IF YOU HAVE A SPOUSE OR DEPENDENTS
Life insurance becomes increasingly important when you get married or
have children. Typically, a death is not only emotionally difficult,
but the loss of a significant source of income can leave your loved
ones facing an additional financial burden. Here are a few things to
consider:
What immediate financial expenses will your family face upon your
death?
How much of your salary is required to meet your current expenses? If
you were to die tomorrow, how long would your dependents need financial
support?
How much, if any, would you want to leave behind to fund your child’s
education AND care or leave an inheritance?
Consider Your Needs
Again, there is no right or wrong answer to how much insurance you need
as your values and goals will ultimately determine what is right for
you. For some people this could mean enough coverage so that their
spouse would never have to work again, while for others it may mean
just enough to pay off outstanding debts. Whatever you decide, your
loved ones will appreciate it in the unfortunate event that it is
needed.
www.LisaFrye.com
L L Q Publishing Company, Inc.
631 N. Stephanie Street
Suite 311
Henderson, NV 89014
(866) 750-0188