Friday, September 10, 2010

How much life insurance should I have?

 These days a lot of thumb rules for the amount of insurance an individual needs get bandied around. "The insurance cover of an individual should be at least 5-7 times his annual income" is a rule that gets bandied around the most. While this rule ensures that an individual has some cover, it may not ensure that the individual has the right amount of cover. The "human life approach" is the right way of calculating the exact amount of life insurance that is needed.

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1 comment:

  1. Getting a life insurance policy is something that most people find tiring. The fact that in most cases insurance companies will ask for a complete physical examination before they can cover you is subject of debate. life insurance quote

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