Life Insurance basics
How Much Do You Need?
How much life insurance do you really need? A good approach is to think about what would happen if you passed away tomorrow. How much money would be needed and where would this come from?
Here are some of the key concerns most people have:
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- How much is your mortgage?
- Do you have other debt? (e.g. credit cards, personal loans, hire purchase)
- Would you like to provide an ongoing income for your family in the event of your death?
- Would you like to pay for your children's education?
- How much might a funeral cost?