Do you know how much life insurance you need? Most experts recommend up to 7x – 10x your income. It may seem like a lot, but ask yourself the following questions to figure out how much life insurance you need :
- Debt – What your current debt load?
- Income – How many years does your family needs funds?
- Mortgage – How much money would your family need to pay off a mortgage?
- Education – What will it cost to send your children to college?
How much you owe directly impacts your loved ones if the unthinkable should happen. The solution? Life insurance. By answering the above questions, completing our Needs Analysis Worksheet (EMK473) and using Life Happens’ Life Insurance Needs Calculator, you can determine what product and amount will best fit you and your family’s needs.
