How much life insurance do I need?
Determining the amount of life insurance you need involves analyzing a few variables. What expenses would need to be covered in the event of your death?
Do you have a mortgage and other recurring monthly bills?
How much would be needed to cover funeral expenses?
Do you have children who will one day need funds for college tuition?
Lastly, do you have monthly income that your spouse or loved ones will not be able to adequately replace in your absence?
All of these considerations are important when deciding the appropriate amount of coverage you should carry.