Q&A Topics

Thursday, March 27, 2014 4:46:35 PM

How much life insurance do I need?

There’s no set amount of life insurance that you should buy because everyone’s financial situation is different. But consider your needs in 3 key areas:

  • Debt – including mortgages, car loans and any other financial obligations that would be a burden on your survivors.
  • Expenses – such as funeral costs, private school or college for your children.
  • Income – your survivors would need to maintain their current lifestyle in your absence.