How much life insurance is adequate?

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I sold life insurance for several different companies. Some thoughts include "10 times your income", "as much as you can afford" and "it depends on why you are buying". Life insurance, even though in my opinion, has given itself it's own black eye is a wonderful financial planning tool. It's not only tax free at death, you can put additional monies (PUA's) inside the policy, earn decent interest and then pull the money out tax free at the end. Dividends are tax free and can be used to help pay for additional life insurance or cash. It can be self completing. It has a lot of features and depending on your age and needs can really help you.
"I never paid a death claim, where the beneficiary said that's way to much money". Good luck.

First answer by ID2218678366. Last edit by ID2218678366. Question popularity: 22 [recommend question].

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