Life Insurance doesn't have to be a luxury. Learn how much life insurance is right for you with our free calculator and get answers to your questions here.
How much life insurance you need depends on your financial goals, income, and family needs. Learn more about what types and amount of coverage you may need.
What is life insurance? · Who needs life insurance? · How much life insurance do I need? · Calculating your life insurance needs · Factors to consider when buying life insurance · Choosing your life insurance policy · Frequently asked questions
Why you need life insurance ; General rules for determining the amount you need ; What’s the right amount of coverage for you
It can be an overwhelming task to try and calculate how much life insurance you need. Knowing the factors to consider can help.
Calculating how much life insurance coverage you should buy isn't that difficult. Here's how to estimate your needs.
In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance. If you want to create an inheritance or make a charitable contribution, buy enough life insurance to achieve those goals. If you have dependents, buy enough life insurance so that, when combined with other sources of income, it will replace the income you now generate for them, plus enough to offset any additional expenses they will incur to replace services you provide (for a simple example, if you do your own taxes, ...
Wondering how much life insurance you need? The short answer is a policy worth 10–12 times your annual income. Let’s talk about how those numbers work.
How much life insurance you need is specific to your own individual circumstances and... Make sure to weigh the pros and cons and do a cost-benefit analysis before choosing this option. Get...
It’s essential to think about how much life insurance you need when you are healthy—particularly if you have others who rely on you. Find out more.