Question

 How much term life insurance should you buy?

Answer On One Hand: Only Replace Lost IncomeTerm life insurance offers an individual a death benefit paid to his beneficiaries if she dies within the time period the policy is in effect. The primary purpo... Read More »
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Top Q&A For: How much term life insurance should you buy

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »
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Can you switch from whole life to term life insurance?

It is possible to switch from whole life to term life insurance. Whenever you change your life insurance policy, you may increase the amount you pay. New health issues or age may influence the eval... Read More »
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What is whole term life insurance?

Whole term life insurance provides for the family after the insured's death. Benefits are paid out to the family to provide income replacement. But whole term life insurance also provides the insur... Read More »
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How much term life insurance do you need?

According to Money magazine, a good rule of thumb is five to seven times your annual income (ten times if you provide the only income for your family). Consider what your spouse needs to pay for if... Read More »
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