Life insurance exists to replace income and cover obligations if someone who depends on you dies, yet the choice between term and permanent policies and the question of how much is enough confuse many buyers. This category is for people with dependents, a mortgage or shared debts who want the logic behind the decision before they talk to anyone selling a policy.
Where to start
- How do you decide how much term life insurance you actually need? A way to size coverage around income, debts and dependents.
- Term life vs whole life insurance: which is better? Read this to understand the tradeoff between cost and permanence.
Coverage amounts only make sense next to cash on hand, so the health insurance guides on deductibles and buffers are a useful companion.