How much life insurance should you have? Probably more than you think. Here are some things to consider:
You really want to leave your family with enough money so they can replace what you earned solely with the interest of the life insurance proceeds. After all, if they have to spend the principal from your life insurance to live, they’ll eventually run out of money.
Let’s say you earn a hundred thousand dollars a year. It would take a nest egg of 2-million dollars earning 5 percent interest to replace that hundred thousand dollars every year. Of course, you may have other assets that can help make up the 2-million. But figure if you can earn 5 percent… you’ll still need life insurance of twenty times your annual income, minus other liquid assets such as cash, stocks or bonds.
To learn more, visit The Education Center at LifeInsure.com. And be sure to fill out our online form for your FREE, NO OBLIGATION quote.
Life Insurance – How to Get the Best Rates watch here
Term Life Insurance – What is it? watch here
Whole Life and Universal Life Insurance watch here
Why Choose LifeInsure.com? watch here
While something like life insurance might not seem that romantic at first, purchasing a policy is all about those special people in your life. When you buy life insurance, you’re telling your spouse, children and loved ones that you care about their future. If something were to happen to you … Continue reading Show Them You Care with Life Insurance for Valentine’s DayRead More
Many people who are just starting out with a family know that it can be tough to make ends meet. From buying a home to raising children, there are endless responsibilities that come into play. One of the most important, and often overlooked responsibilities, is making sure your family will … Continue reading Myths about Life Insurance that Could Hurt Your FamilyRead More
Your spouse doesn’t even want to think about you passing away, let alone have to sit down and actually discuss it. It’s never easy to talk about death, especially the death of someone you love. That’s why discussing life insurance with your spouse can be so difficult. But since the … Continue reading How to Talk About Life Insurance With Your SpouseRead More