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how much life insurance is enough?


As we discussed before your Life Insurance policy must be atleast six times your gross annual income. If for example your annual income is around $70, 000 then your policy should be around $140, 000 to $420, 000. This also depends upon a lot of other factors like how many children you have or the tuition fees per year also considering the potential inflation in the market. You need to properly chuck put the schema of things before you decide how much is enough for you. There are life insurance calculators available online to help you estimate the amount of life insurance you would require. Apart from that, discussing it with a professional will help to figure it much better.

 

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