How much life insurance do I need?
Posted: November 30, 2020
How much life insurance you need will vary based on personal and financial circumstances, but essentially you need enough to replace your income and cover your dependents' expenses, including future ones. Most people should aim for 10-15 times their income. WHAT! you may say? I can tell you the sad stories of people not having any life insurance or not enough either. What I can't...
Do "Empty Nesters" Need Life Insurance?
Posted: August 13, 2013
Quite possibly. Here are 10 reasons to own life insurance after your kids have left home: To meet goals If your children are in college and/or not completely financially independent, life insurance can help “finish the job.” Although you may have saved enough for tuition, the kids’ living expenses (e.g., room and board, laundry, entertainment/activity costs, etc.) continue, but not Social Security benefit payments for...
