Understanding Your Coverage Needs Determining your life insurance needs is a critical step before committing to a specific policy. Each individual’s situation is unique, and several factors dictate the level of coverage required. A thorough assessment of your financial status is the first step in this process. This involves considering your current income, savings, and any outstanding debts. Life insurance is designed to provide financial support to your beneficiaries, particularly in the event of your untimely death. Your family size …
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