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Re: Advice needed for First Time LIFE ASURANCE BUYER?!

  •  Wed, Apr 23 2008, 7:26 PM

    Re: Advice needed for First Time LIFE ASURANCE BUYER?!

    Agree with the advice so far.Rough rule of thumb:

    As a minimum ensure all debts can be repaid in the event of death or critical illness.If it is to cover your mortgage you need DTA ( decreasing term assurance) .

    Really life assurance is to replace your income untill your child reaches 18 so again rough rule of thumb look at 10x annual salary.

    • Post Points: 20
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