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	<title>New answer on: How Do I Calculate How Much Life Insurance I Need?</title>

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		<title>By: Larry Tew</title>

		<link>https://insurancelibrary.com/life-insurance/how-do-i-calculate-how-much-life-insurance-i-need</link>

		<dc:creator>Larry Tew</dc:creator>

		<pubDate>Fri, 05 Apr 2013 11:41:00 +0000</pubDate>

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		<description><![CDATA[The conventional approach is to go through a &quot;needs analysis&quot;.  This method attempts to determine the minimum acceptable amount of coverage you &quot;need&quot; in order to meet your stated objectives, such as final expenses, college costs, mortgage payoff, emergency fund, etc.  It is a math calculation based on your estimate of variables such as inflation, taxes, and rate of return.

A more meaningful approach is to simply decide how much of your income you want to continue to your family when you die and for how long.  After all, it&#039;s your income that ultimately pays for all the individual items mentioned above.  Then, an amount of coverage can be calculated based on the same assumptions as in the needs analysis.]]></description>

		

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