BUYING LIFE INSURANCE (AS REPORTED BY ANNA BAHNEY ON MONEY.CNN.COM)

Life insurance is not a topic people spend much time thinking about. That’s because it is only ever necessary in death, a subject we don’t like thinking much about ever. But if you have people that depend on you – a spouse, children, employees – life insurance is an important part of your personal financial portfolio.

To calculate how much life insurance you need, the good people over at CNN Money provide a simple online calculator. It is based on your annual income, marital status, age, and number of children. Generally speaking, you should have an amount equal or greater than any known future costs minus current assets.

Check out this article for more details.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: