then each should purchase at least $412,000 worth. It makes economic sense to purchase the recommended amount only.”
While Diane has long- and short-term disability coverage at 66% of compensation, Whitney has no disability insurance and should make getting a policy a priority, says Williams.
Financial Snapshot: The Williamses
|Market value of home||$260,000|
|Market value of two cars||34,000|
|529 plan for children||600|
|Series EE savings bonds||5,000|
|Private school tuition||13,000|