Life Insurance

How do I know how much insurance to buy?

It really depends on what your goal is, and how you and your beneficiaries will make use of the money. People often purchase life insurance to cover their outstanding mortgage balance, so that in the event of their death, their house can be fully paid, and their family can live comfortably, without having to worry about incurring a great debt. Other people buy insurance policies that allow them to take income or provide income to their family upon the insured person’s death.


This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App