Figuring out how much insurance you need may seem like an impossible task, but estimating a ballpark amount of coverage isn’t as hard as you might think. You can make a sound estimate if you take the time to consider your finances and what your loved ones will need in the future. In celebration of Life Insurance Awareness Month, here are a few tips to help you determine how much coverage may be right for you and your family.
As a single parent, you have a lot to shoulder, from paying the bills, to taking your kids to soccer practice, to grocery shopping. With all that responsibility as a sole provider, it’s important to think about what might happen if you aren’t around.
Give your financial planner an idea of what you’d like to achieve, by writing down your financial goals and prioritize them. Some questions you may ask yourself include.
Preparing your student to be financially successful and independent in college is a balancing act.…