By: Steve Savant

Steve Savant — Mon, 11 Nov 2013 22:11:54 +0000

Video Transcript:

Today's question is, "How much life insurance do I need?" Well, you need to take all your financial obligations in indebtedness, all your future obligations like college, retirement, other areas that you think that you want to talk about or even charitable intent. You need to take all those totals, plus the loss of income. Because if I'm not there to generate income, what happens to my spouse or my family? I need to be able to generate income for them to live on. So what I'm looking at, all the ideas of "How much do I need?" I want to take all these areas into consideration; financial indebtedness, future obligations, maybe some charitable intent, and to replace the income from the person who's died. Well, that's our consumer question for today. If you have any questions, just submit them to www.insurancelibrary.com.

New answer on: How Much Life Insurance Do I Need?

By: Steve Savant