Often, we understand that life insurance planning is essential. However, how much is enough to keep ourself and our loved ones protected with insurance?
Check out this video where I will share with you on the simple formula of calculating your
1. A – Financial Assets
2. B – Financial Obligations
3. C – Finding the financial gap (Life Insurance Coverage to plan)
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Can you explain why you include monthly income from employment in the asset calculation? In my mind this does not make sense because once you die that income will stop coming in thus widening the financial gap?
Im sure im wrong but i cant understand why.