Dave Ramsey generally suggests that someone carry 10 times their current annual income in life insurance. This means if you earn $50,000 per year, Dave would recommend that you purchase $500,000 in life insurance.
Whether or not this is an adequate amount of life insurance depends on a few different factors regarding your financial situation. In actuality you may need more or less.
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Whether or not this is an adequate amount of life insurance depends on a few different factors regarding your financial situation. In actuality you may need more or less.