How much life insurance do I need?

how-much-life-insurance

Once you have decided to purchase life insurance, the next question to answer is how much to purchase. Some people select coverage based on an arbitrary amount: $100,000 or $200,000. Others purchase enough to pay off a home mortgage or other major bill. And some stick to the tried-and-true measure of 10 times salary.


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Divorce and the life insurance beneficiary

life-insurance-divorce-beneficiary

While we all dream of happily ever after, various sources reveal that in the U.S. approximately 50 percent of first marriages, 64 percent of second marriages and 73 percent of third marriages will end in divorce. These staggering numbers highlight an issue that may be overlooked in the process – life insurance and beneficiary designations.


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