How much term Insurance cover is sufficient?
Term insurance is as close to a universal financial need as can be. With the exception of those who do not have any dependents, practically every adult has family members who will face financial hardship if he or she passes away. The only suitable way to guard against this is to buy term insurance. While most of us agree with this much, we end up making mistakes while deciding how much to insure for, and how to insure.
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