Life insurance can protect family from college debt
Young adults often carry debt with them into the working world, leaving a spouse, cosigner or estate responsible for paying it off in event of an untimely death.
Young adults often carry debt with them into the working world, leaving a spouse, cosigner or estate responsible for paying it off in event of an untimely death.
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.
Most business owners know they need one; however, I still meet with business owners weekly who do not have a formal business continuation plan in place.