What's the life of an exchange student like?

Whats the highest life insurance a student can get?

• What is the usual highest amount of LI that a studen can get? if he studies and works part time in US or UK? if he has a wife and a child...? and in case he doest? should I get it now or wait untill I finish my education and start working, merry and so on. Because its only 4 years from now but then I would get a higher life insurance. Right? Or I can later increase it? so the main question is What is the usual highest amount of LI that a studen can get? if he studies and works part time in US or UK?

• Answer:

  It depends on your assets. I mean if you are trying for $100K or a little more, there should be no problem. If you have a wife and child - you need to assess your family's needs. Do you have a house or any debt that needs to be paid off? How much money would your wife need to replace your income? College for your child? If you don't have insurance to protect your family in your absence, they will be left to pay any debt and make due on her income only. If you don't have any huge debt then, you really don't need a huge amount. The most that you should consider is enough to cover funeral costs. You can get a policy now and then get more later to meet future needs.....you just can't predict how much you need right now. I would say get just what you need right now. With being a student and working part tine, I am sure there are alot of costs you currently incur. No need to spend extra money on more inusurance than you need.