your goals
Written by Ms. Confuse on Sunday, April 13, 2008cheap term life insurance Your financial future 4will bring lots of changes and challenges. Insurance covers the expensive unexpected events and can make up for a lack of savings.
Without knowing more about your individual situation (income, savings, total debts, expenses, and most importantly YOUR GOALS), no one can tell you what is the best insurance for you.
Do you plan to stay in your current house until you die or will you trade up several times? Will your income grow? Will your savings grow? Do you have any risky hobbies (skydiving) or a risky job (demolition expert)?
What will your savings be at each point in your life?
I suggest that you meet with a professional planner and map out a strategy for your life - a financial game plan. This will include not only insurance (life AND disability) but also a savings strategy (how much of each paycheck can you save and how to invest those savings). Plan on reviewing this game plan regularly (NFL coaches review their plans and make adjustments at halftime).
Keep in mind that you CAN own multiple policies.
Good Luck and thanks for planning ahead.
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