What Percent Of Income Should Go To Life Insurance?

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August 31, 2013

Peggy Mace

There is not a set percentage that advisors agree should be spent on life insurance. If life insurance is a permanent policy, it will cost more, but will be a form of savings in addition to life insurance protection. Rather, most people look at what their needs are, and purchase the amount of life insurance that will be sufficient to at least partially meet those needs in the lives of their survivors.

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