Asked by Leah  |  Submitted July 20, 2016

What is the preferred amount to have in life insurance?

Report Question Report

  Leave Answer

Log in or sign up with email
By submitting you agree to our Terms of Service

  Answers  |  1

July 27, 2016

Leah, this is such a subjective question and has many variables. It really depends on whether or not anyone will suffer financially should you pass away. There are two main categories of life insurance - temporary and permanent. Your age, your income, your assets - all of these things come into play when making a decision on which suits your needs the best. Generally, if you are under 50, you probably need more insurance than when you've had a chance to pay things down/off and owe very little. Unless of course, your objective is wealth transfer, in which case you'd want more. I'd be happy to discuss your individual situation.

Mike Zaino - Retirement Specialist, President
TZG Financial

$commenter.renderDisplayableName() | 08.18.17 @ 11:07

{comment}

  Our Professionals Are Available to Help!

  Can't find What You're Looking For?