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Not to hijack, didn't think another life insurance thread was necessary. I just gained a dependent and was wondering if and how much life insurance is a good idea. We currently live with my parents and are trying to save for a house. At the moment we have no debts/mortgage to worry about, but I am not sure if it would be a good idea to get something now rather than waiting until we actually do move out some day since it may be a few years. We have some cash since we are trying to save for a down payment, but it will mostly disappear (excluding emergency fund) once we get a house. How do people calculate what is appropriate for their situation?
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# ¿ May 19, 2016 03:18 |
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# ¿ May 16, 2024 05:49 |
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quote:SiGmA_X posted:10-20x salary is safe without thinking hard. I'd go for the lower-middle of that range myself (12-15?) I'd also go for a 20-30yr term. Thanks. I'm going to double check how much we currently have through his job and start looking to get something not reliant on work.
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# ¿ May 31, 2016 08:58 |