Types of Life Insurance

Why You Need Term Life Insurance

Why term life?

If anyone depends on your income right now, you need life insurance.  Term life insurance can protect your family by replacing your income at a fraction of the cost of other types of life insurance.  This makes it one of the most important parts of your financial game plan.

How much do I need?

The amount is different for each family but, generally speaking, you can start with considering 10-12 times your yearly income.  With term life you can pinpoint the amount and the time period you want to cover.

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it
intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent.
Dave Ramsey is not an affiliate of Latham Wealth Management or LPL Financial.