lcai

amg:

Easiest way to think about this is as follows. When you depend on human capital a lot and it is a large proportion of your income then you need to protect it (for your family) with life insurance. But as you age and your human capital becomes less important you really do not need life insurance.(unless you have motives to bequeath) So in effect you need to buy life insurance only to protect your income from human capital.



Edited 1 time(s). Last edit at Tuesday, May 31, 2011 at 01:15PM by Veda.