Tuesday, June 16, 2009

Term Life Insurance

How much Term Life Insurance should you have? You should have at least 8-10 times your income in a renewable Term Life Insurance. This insurance is there to replace your income if something should happen to you. If you earn $90,000 a year, you should have $900,000 in term life insurance. If this money is than placed in a good mutual fund an individual could pull 10% interest out each year and receive $90,000.

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