How much Life Cover we want?
You have heard a lot about Life Insurance, but have you ever checked that how much life cover you really require?
Before taking a life insurance plan from a company, you might have searched a lot of plans for yourself. But have you checked that how much Life Insurance you want?
Here are certain points that can be consider before going for a Life Insurance
1)Your Personal Expenses(on per month)
2)Your Family Expenses(on per month)
3)Monthly income of other members of your family
4)The other income of your family members excluding the investments they have done
5)The current value of your family savings & investments
6)The average tax rate of your family for investments return