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 »

Top Q&A For: How much term life insurance should you buy

How much term life insurance should you have?

Term life insurance is something you would normally purchase to protect an investment such as a home or business. In case of your death while you are still making the payments on a mortgage or a la... Read More »

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 »

What type of term life insurance should you get?

On One Hand: You have a family to supportIn this scenario, let's assume that you are 30 years of age and have a spouse and two children ages 5 and 3. You and your spouse have a combined household i... Read More »

How much does term life insurance generally cost?

The cost of term life insurance depends on a number of factors, including age, length and payout of policy and health. Lower end policies that cover 20-30 years can cost about $300 to $400 per year... Read More »