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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 you die: funeral expenses, mortgage, children's college tuition, and living expenses. Money; Be money savvy -- 5 rules of thumb; David Futrelle; July 21 2006Source:
What percentage of term life insurance pays out?
by Answerbag Staff on July 12th, 2010
| 1 person likes this
Can you deduct your term life insurance payments from your federal taxes?
by Answerbag Staff on July 10th, 2010
| 1 person likes this
I purchased a term life ins. policy when I was in my 30s. It will have to be converted when I am my 60s. Was this the wisest decision or should I purchase a whole life policy instead?
by Anonymous on October 10th, 2008
| 1 person likes this
What percentage of term life insurance is actually paid out to beneficiaries?
by Answerbag Staff on June 3rd, 2010
| 1 person likes this
what is term life insurance? which is best for me?
by gorgepollard on April 5th, 2010
| 1 person likes this
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