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How much Life Insurance do I need?


Wed, Dec 8th, 2010
Posted in Ask the Expert

The old rule of thumb was 5 to 8 times your annual salary. Now it seems like most of the time you hear 7 to 10 times your annual salary. But the truth is, it really varies. You must determine your family's short term and long term needs, subtract your current resources, and determine the best way to fill in the gap. If this sounds complicated, you can go the easy route and contact your local Agent. They will be happy to go over your particular situation with you.

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