How much life insurance do I need?
One very basic question people who have dependents asked me all the time, is how much Life Insurance I need, in case I die or become disabled, in order to take care of me or my dependents?
It can be complicated to figure out alone how much life insurance you need to purchase. One basic rule of thumb is that the death benefit on your policy should equal between 7 to 10 times the amount of your annual salary. But, like any rule of thumb, that is not always particularly accurate. There are some methods people tend to follow to help figure out how much life insurance they need. These tactics besides not being accurate, they can cause a great disaster if they fall short on income for you or your family, in case of loss of income. Imagine falling short on income before your children can work and support their selves.
Using my service for the calculation of the Ultimate Cover, you are avoiding experimenting in the financial welfare of your family in case you are not there to correct it and have peace of mind. With my method you will be able to understand and calculate how much capital is enough to keep you and your family’s lifestyle, dreams and future financially secure, and discover low cost solutions to provide you peace of mind.