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July 6, 2007, Newsletter Issue #60: The Recommended Life Insurance Amount

1

Tip of the Week

When looking for life insurance quotes, experts recommend you take out a life insurance policy equal or greater to 7 times your annual gross income. For instance, if you make $65,000 a year (before taxes), then you should consider taking out a life insurance policy of at least $455,000 for your family. This should give them enough money to pay off any outstanding debts and have enough left over to make up for your lost income for awhile.



2

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