“If you’re married you want the right amount of life insurance. Too little and they may be in trouble if you’re killed. Too much and you may be in trouble of them doin’ the killin’.” ~Anonymous
If you have people depending on your income, YOU NEED TERM INSURANCE!
What is Term Insurance? Who needs it? And how much do they need?
If you have people depending on you, you need it. How much? You want to cover (or minimally help with) 5 things:
- Final Expenses
- Pay off debt
- Pay off (or buy) home
- Retirement Lump Sum
- Income Bucket
Add to it anything else for college or other financial goals.
This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are the opinions of the people expressing them. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. RetireMentorship is not affiliated with any Registered Investment Advisor, Broker-Dealer, or other Financial Services Company.