How Much Life Insurance Do I Need?

Most people buy term life insurance to provide for their family’s financial needs in the event that we die while they are still dependent on us. Permanent life insurance is also a useful wealth transfer tool when used for estate planning, as well as a modest savings vehicle. But far and away, life insurance is used by families to pay the mortgage, raise the children and put them through college if we die young.

Generally the first step in the life insurance buying process is to find an agent who you can trust and work comfortably with. The agent will help you to determine how much life insurance you should carry, what type(s), and from which company.

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