How Much Life Insurance Do I Need?
Every person has a different idea of what financial security means. If so, should happen to you, how much money would you family need? You should consider: - Your current debt. - Expenses your family can expect to pay after your death. - Your family needs. A general, rule of thumb to calculate your life insurance needs is to multiply your annual salary by seven.
Popular Insurance Questions
Popular Insurance Glossary Terms
Company that has a capital fund established by contributions from its stockholders in addition to its surplus accounts and reserve accounts. ...
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In insurance, individual with rightful possession of an insurance policy, usually the policyowner. ...
Actual mortality experience of an insured group as compared to the expected mortality for that group. ...
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Company owned by its policy owners; no stock is available for purchase on the stock exchanges. ...
Method of terminating a split dollar life insurance policy in which the company transfers its interest in the life insurance policy to the insured employee. Through such a transfer, the ...
Cancellation of a policy by an insurance company. ...
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