In response to:

Dave Says Hate Driving That Beater, But...

HuffingPaintPost Wrote: Feb 05, 2013 4:10 PM
I'm not sure what you mean by "act as your own insurance company". Most states require you at least keep liability insurance on that hooptie.

Dear Dave,

I’m looking at buying term life insurance. Currently, I’m in medical school doing my last year of residency and making $35,000 a year. Should I base the amount of insurance coverage on what I’m making now or what I’ll make when I’ve finished medical school?

Amanda

Dear Amanda,

In most cases, I advise basing the amount of life insurance coverage on the income you’re earning at the moment. After all, that’s the amount your family is used to living on, right? However, if you’re finishing up your medical degree this year, it’s a...