How Much Life Insurance Should I Have?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    Conventional methods center on a capital needs analysis (how much do I need as a lump sum at my death to create an income for my family). Other methods look at Human Life Value and variations on these.

    Ask a life insurance professional to provide a customized analysis for you and your family.

    For a high level view, you can run some numbers yourself. There are a wide variety of online calculators available such as this one:

    http://www.myconfidentfuture.com/insurance/Calculator_01.aspx

    These can help you get your arms around the problem and better prepare you for a planning discussion with your agent.
    Answered on April 12, 2013
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