Comments on: Mail Bag: Do I Need Life Insurance? How Much Do I Need? http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/ A personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth Mon, 15 Mar 2010 10:03:22 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: * 11 Tips On How To Get the Right Life Insurance Policy http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-2396 * 11 Tips On How To Get the Right Life Insurance Policy Fri, 29 Jan 2010 03:34:03 +0000 http://financialhighway.com/?p=2873#comment-2396 [...] situation better than you and nobody really cares as much about your financial situation than you. Knowing exactly how much life insurance you need is not always an easy task; you can get a rough estimate of your insurance needs by adding together [...] [...] situation better than you and nobody really cares as much about your financial situation than you. Knowing exactly how much life insurance you need is not always an easy task; you can get a rough estimate of your insurance needs by adding together [...]

]]> By: Insurance Myths Debunked Part 2 – Life Insurance | Finance Blog http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-2263 Insurance Myths Debunked Part 2 – Life Insurance | Finance Blog Thu, 07 Jan 2010 06:26:22 +0000 http://financialhighway.com/?p=2873#comment-2263 [...] Insurance Agents Can Determine Your Insurance Needs Most life insurance salespeople are looking out for their client’s best interest, however remember that most get paid a commission and this can sometimes create a conflict of interest. Do not rely solely on what your salesperson advises, determine your own needs prior to speaking with insurance agents this way you’ll at least have a rough idea of how much you’d need. If you are unsure about how much you need see this post on some guidelines in determining how much life insurance you need. [...] [...] Insurance Agents Can Determine Your Insurance Needs Most life insurance salespeople are looking out for their client’s best interest, however remember that most get paid a commission and this can sometimes create a conflict of interest. Do not rely solely on what your salesperson advises, determine your own needs prior to speaking with insurance agents this way you’ll at least have a rough idea of how much you’d need. If you are unsure about how much you need see this post on some guidelines in determining how much life insurance you need. [...]

]]> By: Mail Bag: Do I Need Life Insurance? How Much Do I Need? | Insurance Related Pages http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-2144 Mail Bag: Do I Need Life Insurance? How Much Do I Need? | Insurance Related Pages Fri, 25 Dec 2009 09:13:36 +0000 http://financialhighway.com/?p=2873#comment-2144 [...] Continue reading here: Mail Bag: Do I Need Life Insurance? How Much Do I Need? [...] [...] Continue reading here: Mail Bag: Do I Need Life Insurance? How Much Do I Need? [...]

]]> By: On To Get the Insurance 11 Right How Life Policy Tips | Inbudget Credit and Finance Advice http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1390 On To Get the Insurance 11 Right How Life Policy Tips | Inbudget Credit and Finance Advice Mon, 05 Oct 2009 13:07:53 +0000 http://financialhighway.com/?p=2873#comment-1390 [...] Knowing exactly how much life insurance you need is not always an easy task; you can get a rough estimate of your insurance needs by adding together [...] [...] Knowing exactly how much life insurance you need is not always an easy task; you can get a rough estimate of your insurance needs by adding together [...]

]]> By: Simple Weekend Roundup – Ways to simplify | Simplified Financial Lifestyle http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1186 Simple Weekend Roundup – Ways to simplify | Simplified Financial Lifestyle Fri, 18 Sep 2009 12:20:53 +0000 http://financialhighway.com/?p=2873#comment-1186 [...] insurance helps you simplify your personal finances. But we all ask these questions Do I Need Life Insurance? How Much Do I Need? Ray @ Financial Highway provides a simple answer to these two [...] [...] insurance helps you simplify your personal finances. But we all ask these questions Do I Need Life Insurance? How Much Do I Need? Ray @ Financial Highway provides a simple answer to these two [...]

]]> By: Mail Bag: Do I Need Life Insurance? How Much Do I Need … | The insurance world blog http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1165 Mail Bag: Do I Need Life Insurance? How Much Do I Need … | The insurance world blog Thu, 17 Sep 2009 05:17:17 +0000 http://financialhighway.com/?p=2873#comment-1165 [...] post: Mail Bag: Do I Need Life Insurance? How Much Do I Need … Share and [...] [...] post: Mail Bag: Do I Need Life Insurance? How Much Do I Need … Share and [...]

]]> By: Ray http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1158 Ray Wed, 16 Sep 2009 14:56:32 +0000 http://financialhighway.com/?p=2873#comment-1158 @ freedincome-- I am not sure if you are located in Canada or the US, but for most people retirement plans like the RRSP and 401K, TFSA and ROTH IRA ...is more than enough to shelter taxes....other than investment advisers can help in creating tax efficient investment strategy based on your needs. Often insurance people push for UL products because commission is much higher on those as they are the most profitable products for insurance companies. @ freedincome– I am not sure if you are located in Canada or the US, but for most people retirement plans like the RRSP and 401K, TFSA and ROTH IRA …is more than enough to shelter taxes….other than investment advisers can help in creating tax efficient investment strategy based on your needs. Often insurance people push for UL products because commission is much higher on those as they are the most profitable products for insurance companies.

]]> By: FreedIncome http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1157 FreedIncome Wed, 16 Sep 2009 14:52:58 +0000 http://financialhighway.com/?p=2873#comment-1157 @Ray what other tax sheltering options have you come across? @Ray what other tax sheltering options have you come across?

]]> By: Aaron http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1156 Aaron Wed, 16 Sep 2009 13:29:32 +0000 http://financialhighway.com/?p=2873#comment-1156 I hear ya. That's why I say that formula is just a starting point for a discussion. Who knows what her income replacement needs really are or how long of a time frame they should really consider?? They do. I don't think anyone can tell them the answer about how much life insurance they need, but they can come up with one once they understand how it works. I hear ya. That’s why I say that formula is just a starting point for a discussion. Who knows what her income replacement needs really are or how long of a time frame they should really consider?? They do.

I don’t think anyone can tell them the answer about how much life insurance they need, but they can come up with one once they understand how it works.

]]> By: Ray http://financialhighway.com/mail-bag-do-i-need-life-insurance-how-much-do-i-need/comment-page-1/#comment-1155 Ray Wed, 16 Sep 2009 13:08:13 +0000 http://financialhighway.com/?p=2873#comment-1155 @Aaron...I use the same formula if I am just looking at replacing income for the long term, but in this case my thought process is....she is not depended on his income, mortgage is the only debt so pay off mortgage and replace the income for a year or two. I generally do not look at replacing income for the life time, a few years of income replacement is enough in most cases but not always. @Aaron…I use the same formula if I am just looking at replacing income for the long term, but in this case my thought process is….she is not depended on his income, mortgage is the only debt so pay off mortgage and replace the income for a year or two. I generally do not look at replacing income for the life time, a few years of income replacement is enough in most cases but not always.

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