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.

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Our Insurance Expert

Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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