What is the maximum ticket size of life insurance sold

Question

Accepted Answer

The maximum ticket size of life insurance sold varies depending on the individual's financial situation and insurance needs.

The maximum ticket size of life insurance sold can range from a few thousand dollars to millions of dollars.
It is typically determined by factors such as the individual's income, assets, liabilities, and insurance goals.
For example, a high net worth individual may purchase a life insurance policy with a ticket size in the millions to protect their estate and provide for their heirs.
On the other hand, a young individual just starting out in their career may opt for a smaller ticket size to cover basic expenses and debts in case of an unexpected death.

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