Cheap Life Insurance Myth Number 3 About Life Insurance you Need to Know
Myth number three about life insurance: My life insurance coverage only needs to be twice my annual salary. There is no one answer for this. The amount of life insurance each person needs depends on their own specific situation. In addition to medical and funeral bills, you may need to pay off debts such as your mortgage and provide for your family for several years. A cash flow analysis is usually necessary to help determine the true amount of life insurance you should consider purchasing.