October 6, 2006, Newsletter Issue #23: How Much Life Insurance Do You Need?
Tip of the Week
When looking for a life insurance quote, it is important to know how much life insurance you will need. Ask yourself a series of questions, including:
- What expenses will need to be paid immediately and up front if something happens to you?
- How much income your will your family need to replace your current income or what expenses they need to pay regularly?
- How long will your family need this income>
- Are there any large purchases, such as a mortgage, that could be paid off to make things financially easier for your family?
These questions will help you determine what kind of a life insurance quote you will need to look for.
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