What Is A Good Amount Of Life Insurance To Have?
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63333 POINTSview profilePeggy MaceMost of the U.S.I think a good amount of life insurance to have is 10 times your annual income. No matter what age they are, survivors can benefit from the breathing room that comes with tens years of not having to worry about how to replace your salary. Of course, this varies from person to person and situation to situation.Answered on June 28, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaYou should have enough to pay off all obligations. You should have enough to meet those hopes and dreams that you have, such as seeing your children graduate from college. You should have enough that if left at interest it would provide enough for those that you love to continue in their current lifestyle. I find that few people have a life insurance need of less than $1 million.Answered on May 19, 2014flag this answer
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