Life insurance is an important and helpful preparation for the unexpected. The right policy can help ensure a secure financial future for your loved ones. It can help cover your family’s daily living expenses and help them maintain their standard of living in the event of an untimely death.
But do you know how much life insurance you need? What future expenses should you be planning to cover? According to data from the 2015 Insurance Barometer study, 57 percent of consumers in the United States own life insurance, yet 30 percent of this group feel they are underinsured.
Purchasing life insurance or updating your current policy with new limits can be a simple process, but you need to know how much insurance to purchase. Our life insurance planning checklist will walk you through a few simple steps to help you determine how much insurance you need. While individual circumstances will vary, this checklist will give you a basic idea of your needs.
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