How much life insurance do I really need?

Kyle Winkfield knows a thing or two about how life insurance has the power to change lives. read more

After one of his clients passed away, the surviving spouse was surprised with a multi-million dollar check from a life insurance policy purchased nearly 40 years earlier. Winkfield's client had been a person of modest means and the initial death benefit was much smaller, but it grew as money was reinvested into the plan over the years. read more

Life insurance is rarely a topic that consumers like to think about, talk about—or even do anything about for that matter. Recent statistics show ownership of life insurance policies is at the lowest level in decades: One in four consumers have no life insurance at all. read more

Similarly, people with no dependents often have little need for life insurance if they have much cash in the bank at all (to cover funeral expenses, for example). Life insurance is only necessary if, in the event of your death, people would be left in a financial bind without some sort of resource. read more