I often say that no amount of Houston life insurance is too much because it never goes to waste. However, there is an exception to the rule that I’ll discuss.
Many people buy life insurance when a doctor or funeral reminds them of their own mortality. People sometimes spend more than they can afford when the decision to buy is spurred by emotion. If you think emotion is influencing your decision, take a step back and ask yourself, “What amount of money can I comfortably afford to spend on life insurance?” The key word here is “comfortably.” Buying more life insurance than you can comfortably afford doesn’t help anyone, as the policy will soon cancel from nonpayment.