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Life Insurance Quiz
Which Should You Buy, and How Much Do You Need?
By Teri Brown
- How much you need for your children's education.
- How much money you need so your spouse will not have to work for three to five years.
- How much the balance is on your mortgage.
6. False.
"One year of salary doesn't equate to financial security, and risking that your health will remain as perfect as you age or that you won't be fired or your company won't go out of business is a gamble your family doesn't deserve," Darras says.
7. False.
"Your life insurance company will take away your policy, pay no life insurance benefit and refund your premiums if you materially misrepresent your health status on your application if you die within two years of the application date," Darras says.
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