Whatever amount of income needs to be replaced to keep your family members going. You take that amount, lets say its thirty thousand and you times that amount by twenty. That would give you $600,000 of Life Insurance. Why do you need $600,000? Because upon your death if your family member's, beneficiaries got $600,000 and they invested that at 5%, that's thirty thousand a year of income for them.

How long should you carry Life Insurance? In my opinion until your youngest child is at least twenty-four years of age. By that time they should be all right, you should have had time to accumulate money to make sure that you're all right so that if you didn't have Life Insurance it wouldn't matter. That's the formula that I would apply.

If you have a wife that stays at home to take care of your most precious commodities, your children! You better make sure that you have an insurance policy on her so that if she dies prematurely you have the money to bring somebody in to give those children the need and the care they're going to need at that point in time. You best have an insurance policy for a stay at home mom. Do you hear me?

Do you invite a Life Insurance Agent into your house? I don't think so! You know, you have to understand; today we live in a world of technology. You can go on the internet,. You can use all kinds of systems, even pick up the phone. You don't need an insurance agent in my opinion to sell you term insurance. They're just going to get a free lunch off of you so leave 'em out of there.

You want the insurance company that you have chosen to require an examination of you. Why? When they come to your house and give you an examination, it's not going to cost you a penny by the way, then they have the most current information about your health. Therefore, then they can offer you the most competitive rate. If they did not have that most current information they would have to charge you more. So you need to have an examination by the insurance company so that you get the most competitive rate. It's that simple.

You need Life Insurance when somebody is dependent on your income and if you were to die prematurely they would be affected financially speaking because that income would be lost. So who needs it? If you have children, if your parents are dependent upon you. If your spouse or life partner is dependent upon you, meaning upon you, meaning your income. That's who needs life insurance.

The only type of insurance, in my opinion, that makes sense when we're talking about Life Insurance is Term Insurance. Term Insurance is for a specific term. A period of time, depending on your age, your health and the length of time. That is what will determine your premium and that is the only insurance in my opinion you should be looking at.

Why not try it? Why not go on one of the quoting services, fill out the form that they request, maybe even call up that company directly, and they will tell you if can you qualify. You'll know right then. But hey if you don't try you'll never know. Just don't assume that you don't qualify cause you may and you don't even know it.

Go with a quoting company that has a reputation of quoting you an amount that is valid. They take the time to ask you the questions before hand, so that you know what you're going to be paying and what they're quoting you is identical. So look for a company, a quoting service that has a reputation that will do that for you.