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Insurance & Risk Management
10. Chapter 11: Life Insurance/Amount of life insurance to own
10. Chapter 11: Life Insurance Illustration
Syllabus Slides

Amount of life insurance to own

01.Core Concepts

The opportunity cost of purchasing life insurance may be too high for many families The purchase of life insurance reduces the amount of discretionary income available for other needs Many families are in debt and have little savings After payment of high priority expenses, such as a mortgage, food, and utilities, many families have only a limited amount of income to purchase life insurance ‹#›