“Life insurance. Do I actually need it? Why?” “How much should I have?” These are the questions financial planners hear all the time.
The answer to number one is there’s a good chance you do need life insurance. Why? Because you want to make sure that after you pass away, those around you aren’t left struggling to pay bills (and yes, this goes for young, single people as well). Things get a little trickier as we try to figure out how much life insurance coverage is needed because so many factors go into that decision. So, let’s get into the process of understanding all these factors and how they work together.
