Life insurance is the must have insurance. It is because you need a long term investment planning. One of the benefits of life insurance is to replace the income that you invest during your life in your final expense. It can also be benefit for your family after your death because they need much money for your funeral as well as their future needs. So, we need to buy life insurance. However, how much life insurance do I need? It will depend on many factors including your income. In this article, we will discuss about it.
Do You Have Enough Income?
There are many cases where people have enough income but they still buy life insurance. Will it be benefits? For example, if I have enough salary for daily needs and even for my final expends, how much life insurance should I buy? In this case, you need not life insurance because you do not need income replacement in your final expends or after your death. So, it is clear that how much life insurance do I need depends on my own income.
