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TOPIC: Life Insurance

Irene

Dooney & Bourke

Status: Offline

Posts: 818

Date: Tue Dec 28 10:42 2004

Life Insurance	Permalink Closed

Gary and I want to get life insurance. Currently he does not have any. I have free life insurance through my job which equals my yearly salary, $45K. We are wondering how much insurance should we get. We don't have children yet. We don't have a mortgage yet. Gary only my car loan on his credit and that is $14,000; even though I make the payments. I have student loans and credit card debt equal to about $20K. So is there an equation to figure out how much life insurance we should both have? __________________

JackieO527

Dooney & Bourke

Status: Offline

Posts: 743

Date: Tue Dec 28 19:37 2004

	Permalink Closed
Well I am not sure about life insurance but, if and when you do buy a house, there is a plan in which you pay a couple of dollars extra a month and if one of you should pass away the house will be paid off for the individual. When you get a mortgage just ask your broker. they will know what I am talking about. I hoped this helped. __________________

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