VIEWS: 24 PAGES: 2 CATEGORY: Financial Planning & Retirement POSTED ON: 11/12/2009
Taking life insurance is very important. Making sure that your household will be taken care of if something happens to you is important, particularly in today's uncertain world. Many people opt to buy general life insurance so that their families will be taken care of in a wide variety of situations. The 1st thing you should figure out when you are thinking of purchasing general life insurance is how much insurance coverage you require. If you desire to be very specific about it, you can go online and obtain calculators that are designed to assist you reckon out exactly how much coverage you require. If you want a easier means to calculate out the coverage you require, you can just multiply your annual income by 7 or 8. There is some debate on how much to multiply it by, but 7 and 8 are fairly common. This amount of money will take care of your final expenses as well as providing your household money to take care of their needs. There will most likely be debts to be paid as well as education for your minors and a retirement for your spouse.
"Different Types of General Life Insurance"