Financial Planning 101 - How Much Life Insurance Do You Need?

Following up on the previous blog post which discussed the various types of Life Insurance we now switch our focus to the question of how much life insurance do people really need? Fortunately, I have found that most people I have encountered have some sort of life insurance coverage. That being said, unfortunately I also find that a high percentage of people don’t have an adequate amount. As discussed in the previous post, life insurance in its most basic definition is intended to replace the income of the person who has passed away. The truth it is it is more nuanced than that and can depend on your family/relationship circumstances, income and age among other things. One good thing about

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