 |  |  |
  |  |
| | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| lic future plus nav
| If you do have dependents who rely on you then it is critical that you have insurance, the question then becomes how much. The main cause of this confusion is the insurance companies themselves. The reality is that life insurance is really only necessary for people who have dependents that rely on them for financial support. It is in their best interest to sell everybody whole life and keep them insured until the day that they die. Generally that means working people with minor children, but there are exceptions to this rule. In general the rule of thumb is that you should have life insurance that is between five. There is no reason to have life insurance once your children are grown which is why term life is a better deal than whole life. You can go on the internet and get a free life insurance quote if you want to compare how much you will save with term rather than whole life. There is a lot of confusion as to who needs life insurance, and how much insurance they need. |