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How much life insurance a man needs?

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Anonymous

12y ago
Updated: 8/19/2019

Your life insurance need should be 12 times of your present annual income. It has been estimated that when you retire,your own income is off but you cann't slash your expenditure. If you arrange life coverage on above calculation, you can have same income from the lumpsum invested in term deposits at interest projection of 8%,which you will be getting from life insurance company.

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Wiki User

12y ago

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