How much life insurance you should buy depends on what you want the life insurance to accomplish.
If you want to protect you family and be sure financially they would be secure the you can cover that need. The amount needed varies depending on circumstances, but would be amount large enough to pay off debts, establish an emergency fund, an education fund and capital to provide income.
An independent life insurance broker can help you find the right policy at the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
That is a great question! But to answer it best for you, I'd really need to know more about you, and what you want the policy to do for you. As a general rule of thumb, if it is to cover a certain debt, like a mortgage or college loan debt, then that is your amount; if it is to replace your income, then the current wisdom suggests a minimum of 5 times your current salary; if it is to cover your final expenses, (funeral costs) then you will need between $10-15,000, depending upon whether you are looking at cremation or a modest funeral. I'd be happy to help you with your specifics, if you'd like to inbox me. Please hit the "contact me" link, and drop me a line. Thanks for asking!
President, Lane Independent Agency, Southern California
Are you married? Have kids? Mortgage? What would it take to support the wife for her life, get the kids through college, and pay off the mortgage? That's a starting point. Figure on average from 3 to 10 times your annual income. More if you have a growing income. Thank you. GARY LANE.
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If you want to protect you family and be sure financially they would be secure the you can cover that need. The amount needed varies depending on circumstances, but would be amount large enough to pay off debts, establish an emergency fund, an education fund and capital to provide income.
An independent life insurance broker can help you find the right policy at the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.