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At long last, we enter into the oft-requested topic of life insurance! Today\'s show is an introduction to the economic basis and justification for life insurance and it\'s also an outline of some of the uses of life insurance for individuals and families. (We\'ll cover business uses another day.)
\\nYou also get the joy of a bit of a sales pitch on why I love life insurance planning so much. It\'s truly an incredible financial product.
\\nLife insurance is founded on the economic value that each of us provide to others and on our moral obligation to provide for our dependents.
\\nBecause each of us has an economic value that can be estimated, we can come up with some formulas to understand how much life insurance is appropriate.
\\nThe three major approaches to determining an appropriate amount of life insurance are:
\\nThe best of these methods is the needs analysis approach. It balances the need for precision and the need for simplicity quite effectively.
\\nLife insurance can have many uses for individuals and families:
\\nEnjoy the show!
\\nJoshua
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