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By Chuck Wells

The sad fact is, many people die each year “before their time.” The only question is whether or not it will be you? If it is, will there be enough money left behind by you to pay off loans, provide an income for those you leave behind, and provide money for those you love to carry through with their dreams? If you were here, would you do these things for your family? If yes, you need to make sure you have enough life insurance to provide the funds.

How much life insurance should you carry on yourself?

First, total up all of your debts (car, credit cards, mortgage, etc.).

Then estimate how long your family would need your income to live as they do now. That should be at least until your youngest child is age 18. This is usually about 8 times your annual income.

Add into these figures an amount you would like to leave your children for college or other schooling expenses and money you would like to leave to your favorite charity.

Total all of these amounts and subtract the amount of life insurance you have now. That should be the amount you should consider when applying for a life insurance policy.

Keep in mind that life insurance is very inexpensive now and compared to what your family would lose, a very important part of your planning.

If you say: “It’s their problem after I’m dead,” that is how you will be remembered.


A study of 500,000 claims by an insurance company revealed the following:

  • Women were twice as likely to have an accident in a parking lot as men
  • 23% more likely to hit a parked car
  • 15% more likely to reverse into a parked car

However, men have more serious accidents, make more costly insurance claims, kill more pedestrians, and are responsible for 98% of serious convictions. Men, however, do not ask for directions so they usually drive more miles than women.


An 18 year-old in Ohio was arrested for stealing his mother’s credit card and charging $2,496 for the surgery to enlarge his girlfriend’s breasts. The young man had already charged $2,100 in car repair bills to his mother. She closed that credit card and he re-opened the account so he could charge the surgery. Police said they usually confiscate items purchased fraudulently but in this case they had their hands full.

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