How Much Life Insurance Do You Really Need?
In general, the amount of life insurance that you need depends upon your personal and family situation. When purchasing life insurance, you should also consider your future life insurance needs if you plan to marry, start a family, or start a business since you may become uninsurable in the future, and costs increase with age.
What Type of Policy(s) Should You Buy?
There are two types of life insurance - term insurance and permanent insurance.