The basics of term life insurance.

Unfortunately insurance is something we all need to protect our families. Specifically we need life insurance to replace our incomes if we die. Our families depend on us to provide for them and life insurance does exactly that... provides for our loved ones if we're suddenly taken out of the picture. So how do you figure out how much you need? Well, I'm sure there are lots of helpful insurance agents who'll be glad to tell you this but you can also use a little common sense. Basically you're trying to replace the income your family would lose if you were gone. So take your annual income and multiply it by the number of years you'd like to provide for your family. If you make $50,000 a year and want to take care of your family for 10 years you'd need a minimum of $500 View the rest of this article