2020-06-08 15:24:17, , MetLife
Content Categorization
/Finance/Insurance
Word Count:
829
Words/Sentence:
24
Reading Time:
4.15 min
Reading Quality:
Intermediate
Readability:
9th or 10th
Some life insurance is better than no life insurance.
A good starting place is coverage that equals any outstanding debt (including mortgage, car payments and student loans) + 5 years of annual salary.
Life insurance is a smart financial move.
If you're looking for a recommended amount of coverage, you can expect to pay about 1% of your annual salary on the annual cost of term life insurance.
The financial strength and reputation of the company you buy it from matters.
When choosing a life insurance company, the financial strength and reputation of the company you select is a key consideration to ensure guarantees are kept.
Life insurance helps replace your paycheck if you aren't there to earn it.
If you're looking for a reasonable estimate on the amount of life insurance you should buy, start by multiplying 60% of your annual income times the number of years to retirement.
It's flexible, and can help you meet a number of important goals, including protecting your income building equity, providing an additional source of retirement income, and leaving a financial legacy for your loved ones.
Keywords
Life Insurance, Insurance, Financial Planning
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