In financial planning, a person faced with the necessity for protecting assets, and we all agreed that a very valuable asset and can not be precious with money is the life or soul of a human being.Furthermore we can calculate the correct sum assured with the right life insurance? So if there is risk of death then we can leave a legacy of a decent sum assured to those who we leave behind.
Readers are wise, before we discuss the method of calculating life insurance sum assured, is useful to note that the basis for calculating the sum assured is based on the calculation of 'economic value' of the question.
Economic value mentioned is the amount of income or average income per month at present. So if someone has increased incomes for granted so much money added.
