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| lic pension plan comparison
| Another question that should be addressed is how much insurance you need when you have dependents to support financially. You can make a comparison of the cost of term and whole life. But this is not a definite formula and it should be suitably changed according to the age. But such confusion and debate are often the creations of insurance companies. But the fact is, all people who support their dependents financially need to think about insurance. For getting free life insurance quotes, you can use the Internet. Insurance companies try to sell whole life policies to everybody so that everyone remains insured until they take their last breath. That is the reason for advocating term insurance more than whole life insurance. Experts suggest that you should have insurance equivalent to five to eight times of your annual income so that your dependents will be financially protected even if you die. But those who have grown up children who take care of themselves may not need life insurance. This means that those who are working and have small kids may need insurance. There seems to be a perennial debate on who should get life insurance and how much insurance is needed. |