Here is a case study provided by AIG:
Are you near retirement and looking for a modest life insurance policy to complement your existing insurance coverage? Term life insurance provides affordable coverage with a guaranteed death benefit. Plus, different term duration allows you to buy the extended coverage you need. Here is a case study provided by AIG:
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Some employers offer the option to buy additional life insurance - which can be 2x salary, 3x salary, etc. This can be added to the "basic" coverage, below we will analyze its pros and cons:
Advantages:
Disadvantages:
Do you know how much tax rate will be in the future? The truth is no one can predict that. This makes tax diversification important. The document from AIG below explains what is tax diversification and how it might work. Life insurance can help provide funds to meet your family’s immediate and ongoing needs in the event of either spouse’s premature death. But how much life insurance do you actually need? You can use the handy worksheet below to determine how much life insurance you and your spouse need to help protect your family’s standard of living. |
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