Reported 11 months ago
Life insurance is often overlooked due to discomfort with discussing death, but it is crucial for safeguarding your family's financial future. Yahoo Finance discusses the significance of life insurance policies for policyholders and beneficiaries, emphasizing the need to replace income, cover final expenses, address mortgage payments, relieve financial burdens, and facilitate wealth transfer and estate planning. It is advised to have a life insurance policy that is at least 10 to 12 times your annual salary, as group life insurance from employers may not be sufficient.
Source: YAHOO