The Wrong Ways to Figure Your Life Insurance NeedsThe Wrong Ways to Figure Your Life Insurance NeedsThere is a right way and a wrong way to determine the amount of life insurance coverage that you need. Try to avoid these common pitfalls: Not adequately accounting for your beneficiary's debts Buying enough coverage to pay only for current debts may also provide inadequate coverage, because it does not account for the loss of your income Estimating how much you will earn until retirement, with interest, may actually result in too much insurance coverage
There is a right way and a wrong way to determine the amount of life insurance coverage that you need. Try to avoid these common pitfalls:
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