Chapter 03 — Money & Finance
Do I need life insurance?
Yes if someone depends on your income — kids, spouse without income, or co-signed debt. Otherwise usually no. Term life for 10–30 years covers most needs cheaply.
Follow-up questions
Term vs whole life?
Term for almost everyone. Whole life is expensive and mostly benefits the seller's commission.
How much coverage?
10–12× your annual income is a common rule; adjust for debts, mortgage, and dependents' age.
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