[rcecale]

"Life insurance" is somewhat of a misnomer . What you're actually insuring is the "Quality of Life" of those who are dependent on you right now.

The way it was explained to me is that you should want your survivors to want to monetarily be able to at least continue with their accustomed station in life. It doesn't necessaril have to make someone rich, but if it provides the means to pay off a home mortgage and some, if not all, of your consumer debt. You can also set it up to be paid out incrementally, by setting it up to go to a trust, for something such as a college education for a child or someone you just care about.

Your survivors will have enough to worry about, in the event of your untimely demise. They shouldn't have to be worrying about how they will make ends meet, should you not be available anymore to contribute.

Taking care of your own while you are around is what we do. Taking care of them after you're gone is the true act of love.

Randy