Save time. You don’t have to wait for the agent to respond.Why not use a local broker or agent instead? These are the five main benefits of getting a life insurance quote online: Funeral expenses. The average burial costs between $5,000 to $10,000 while the average cremation costs between $2,000 to $5,000.Emergency funds. Experts suggest you should have three to six months’ salary set aside for an emergency fund.That means an undergraduate degree costs $80,000. Education costs. The average cost of post-secondary education is nearly $20,000 per year.In fact, many people only want to insure their mortgage and nothing else! Mortgage debt. The average mortgage loan is nearly $300,000 so insuring this amount will remove a huge burden from your loved ones.You also want to consider insuring these additional things: We have a handy life insurance calculator to help you find out exactly how much you need. But you can use 10x your annual income as a starting point and adjust it from there. How much death benefit that requires is a hard question to answer. That essentially means you want enough death benefit to replace your income. You want it to be able to make rent or mortgage payments, pay bills, buy groceries, save for retirement and college, continue dance or hockey lessons, and more. You want your family’s lifestyle to be as uninterrupted as possible even in your absence. The answers to the previous questions should give you an indication of how much life insurance you should get.
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