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1 posted on 01/15/2007 11:23:08 AM PST by kawaii
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To: kawaii
Life insurance is also necessary for families, but not the whole life or universal life policies that pay insurance salesmen large commissions. Financial planners who do not depend on commissions from insurance generally encourage parents to hold term life insurance, which is cheaper.

Life insurance needs vary. For example, Overland, Kan., financial planner Sheryl Garrett suggests that if one parent is staying home with a child, term life insurance should be adequate to cover child-care expenses and household debts while the surviving parent works. That might be about $250,000 in coverage, she says.


I like the buy term and invest the difference philosophy myself...
2 posted on 01/15/2007 11:24:57 AM PST by kawaii (Orthodox Christianity -- Proclaiming the Truth Since 33 A.D.)
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