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How Much Life Insurance Do You Need?

2024/11/23
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This chapter breaks down the factors to consider when determining the appropriate amount of life insurance coverage, including financial obligations, assets, and estimation methods.
  • Life insurance is crucial for financial security of loved ones.
  • Factors include income, debts, future expenses, and family needs.
  • Quick estimation methods like the DIME formula can help.

Shownotes Transcript

The amount of coverage you need depends on various factors, including your annual income, outstanding debts, future expenses, and your family's specific financial obligations.

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