One fundamental general rule is that the survivor benefit on your policy ought to equate to seven to 10 times the amount of your yearly salary. However, like any guideline, that isn't always particularly precise. Another way of looking at it: You require to find out what income you more info wish to supply for your spouse or other recipients when you die (how many life insurance policies can you have).
The resulting number is the shortage you'll wish to fill with life insurance. This interactive calculator can assist you reach a number. Let's state the shortage check here is $25,000 a year. A basic insurance coverage concept says to buy a life insurance policy that has to do with 10 times that amount, or $250,000 in this example.
