Plus4 Insurance Jason Hennessey - Auckland City, New Zealand

When determining how much life insurance coverage you need,

don't just think about your mortgage payment and regular

monthly bills. If you have children, they'll need financial

assistance for college in the future. Although it's not

pleasant, consider worst-case scenarios. Should you

unexpectedly die in the near future, how much debt will you

leave behind? Make sure your policy covers your outstanding

debts, or the money you intended to be used for paying off

the mortgage for your spouse may end up being used to pay

off your creditors instead. You also want to ensure that

your funeral expenses and any estate taxes and legal costs

are covered.