There are endless Rule of Thumbs, calculations, and strategies for determining how much life insurance you need. The difference between an Insurance Salesperson and an Insurance Advisor is that the Advisor will help you
Saleh - You're asking the right questions and these answers are all excellent. Just keep in mind that while the principles of investing will always hold true, the rules and limitations unfortunately have a way of changing.
So far... all good answers...
Just to keep it simple... take the match... if nothing else, take the match... and, did I say, "take the match"?
Okay, it's only for one year at a time, but, a match is equivalent to a 100% guaranteed
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