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Life Insurance and general more
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<blockquote data-quote="TexasFJR" data-source="post: 199774" data-attributes="member: 4310"><p>excellent questions...</p><p></p><p>life insurance is to help replace your income in case of death for those who count on you.</p><p></p><p>most people would be fine with an inexpensive 20 year term life ins policy at 8-10 times your yearly income.</p><p></p><p>If you make 50k income, you should get $500,000 policy...that way the family can invest that money and draw a yearly income of about $40k without taking from the $500k which basically replaces your income. (assuming 12% rate of return off investments)</p><p></p><p>I recommend <a href="https://www.zanderins.com/term/termlife.aspx" target="_blank">Zander</a> and <a href="https://www.amazon.com/Total-Money-Makeover-Financial-Fitness/dp/0785263268/sr=8-1/qid=1170256964/ref=pd_bbs_1/102-4758928-6108938?ie=UTF8&s=books" target="_blank">here is an excellent book</a> to help you with all financial matters.</p><p></p><p>feel free to pm for any additional help.</p><p></p><p>(I have no affiliation with either of the above)</p></blockquote><p></p>
[QUOTE="TexasFJR, post: 199774, member: 4310"] excellent questions... life insurance is to help replace your income in case of death for those who count on you. most people would be fine with an inexpensive 20 year term life ins policy at 8-10 times your yearly income. If you make 50k income, you should get $500,000 policy...that way the family can invest that money and draw a yearly income of about $40k without taking from the $500k which basically replaces your income. (assuming 12% rate of return off investments) I recommend [URL="https://www.zanderins.com/term/termlife.aspx"]Zander[/URL] and [URL="https://www.amazon.com/Total-Money-Makeover-Financial-Fitness/dp/0785263268/sr=8-1/qid=1170256964/ref=pd_bbs_1/102-4758928-6108938?ie=UTF8&s=books"]here is an excellent book[/URL] to help you with all financial matters. feel free to pm for any additional help. (I have no affiliation with either of the above) [/QUOTE]
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