Financial Literacy for Everyone
Follow Us
FacebookTwitterYouTube
For Broadcasters

Sign up for our weekly email and learn how you can play Jason Alderman's weekly Practical Money Matters on your station. Learn more

Subscribe
Summit 2014

Watch the 2014 Financial Literacy Summit
Watch the Financial Literacy Summit webcast that addressed financial literacy needs of the unbanked and underbanked
View webcast

PMM articles

Practical Money Matters
Disputing a credit card charge? Graduating? Leasing a car? Learn important tips from our weekly article series.
Read now

social media

Connect with us!
For daily money tips, quips and pics, follow us on social media.
Like us on Facebook
Follow us on Twitter

Practical Money Matters Radio Series

December 26, 2011
Life Insurance Reality Check


Are you doing without life insurance or unsure whether you have adequate coverage? Listen to this overview to find out more.

Transcript

If you're single with no dependents, you may need minimal life insurance or none at all. But if your spouse, children, or others depend on your income, life insurance can help protect them should something happen to you.

To calculate how much coverage you need, estimate how much of your annual income your beneficiaries will need to replace. Most people need coverage worth at least five times their annual pay.

There are numerous types of policies available. An insurance broker can help you determine which one is right for you. Before buying a policy, make sure to ask about commissions, fees and other charges.

Bottom line: Plan ahead and rest assured your loved ones are protected no matter what the future brings.


Related Articles

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Message:
Enter code:


The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.