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	<title>New answer on: How Much Should I Have For Life Insurance?</title>

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		<title>By: Ted Ratliff</title>

		<link>https://insurancelibrary.com/life-insurance/how-much-should-i-have-for-life-insurance</link>

		<dc:creator>Ted Ratliff</dc:creator>

		<pubDate>Wed, 08 May 2013 11:42:01 +0000</pubDate>

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		<description><![CDATA[There are a variety of factors to consider.&#160; First, final expenses.&#160; This includes cost of burial, funeral, flowers, cemetery plot and other items.&#160; The national average is around $8 to $15,000.&#160; Then you need to consider an emergency fiund if you are married.&#160; The normal recommendation is at least 6 months of your salary.&#160; This will provide your wife enough money to get on her feet and if minor children are involved, provide care for them until social security starts to pay.&#160; Next consider mortgage and other debts, if you were out of the picture, will there be enough money to cover those debts and still provide for the family.&#160; Do you want to help with your kids college?&#160; Many people will provide for a college fund if they pas on prematurely.&#160; As you can see there are a lot of factors to consider.&#160; Once we determine the amount of coverage needed then we need to consider an affordable way to pay for it.&#160; This is where a good independent agent can help you.&#160; With a combination of term and whole life insurance most needs can be met.&#160; Find an experience agent who represents many life insurance companies and can help you select the plan that is right for you.]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/how-much-should-i-have-for-life-insurance</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Wed, 08 May 2013 11:25:12 +0000</pubDate>

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		<description><![CDATA[A life insurance professional can provide a customized analysis using one of the conventional methods which center on a capital needs analysis. The calculations look at how much you need as a lump sum to create an income for your family.

For a high level view, you can run some numbers yourself. There are a wide variety of online calculators available such as this one:

https://www.myconfidentfuture.com/insurance/Calculator_01.aspx

Online calculators can help you visualize the need and better prepare you for a planning discussion with your agent who will help you ensure you have the right amount of life insurance.]]></description>

		

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