The rule of thumb, for what it's worth, is 8-10 times income. Use that as a starting point but you really need to run the numbers. Some people need more than that. Some don't need nearly that much. It depends on your situation. How many kids do you have? How big is your mortgage? Does your spouse work and, if so, how much does he/she earn? How much of your income would need to be replaced by the insurance proceeds?
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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