One standard general rule is that the death advantage on your policy should equal seven to 10 times the quantity of your yearly salary. But, like any guideline, that isn't constantly especially precise. timeshare experts Another way of looking at it: You need to find out what income you wish to Click here for more attend to your spouse or other beneficiaries when you pass away (how much term life insurance do i need).
The resulting number is the shortfall you'll wish to fill with life insurance. This interactive calculator can assist you get to a number. Let's say the shortage is $25,000 a year. A basic insurance concept states to buy a life insurance coverage policy that is about 10 times that amount, or $250,000 in this example.