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2224: Life Insurance Beneficiary by Jeff Rose

Optimal Finance Daily - Financial Independence and Money Advice

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How Much Life Insurance Will Your Beneficiaries Need?

You always need to calculate your current debt situation first. The number you come up with should be the baseline for how much coverage you start looking for. Funerals can come in around $10,000, and it's a big expense that some might not be ready to pay. One of the easiest ways to get lower life insurance rates is by cutting out tobacco.

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