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How much coverage will actually cover in the case of life insurance?

Many financial advisors say that the coverage of life insurance should be minimum three times the annual income of policy holder however, there are certain other elements which one should consider before opting for a certain coverage for example, your entire family’s annual expenses must be considered, the outstanding debts and future financial goals. Considering these elements will give you a clear picture on how much coverage should one opt fir while taking up a life insurance policy.

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