How much life insurance coverage is necessary?
Insurance specialists recommend obtaining sufficient coverage to substitute at least a decade of your earnings, which in this example would amount to $400,000. You might also consider adding some ...
Determining Necessary Life Insurance Coverage - Aflac
Apply the DIME approach: This method involves evaluating your debts, income, mortgage, and education to determine the life insurance coverage amount that may suit your needs ...
Calculating Life Insurance Needs | Bankrate
To find a suitable coverage, multiply the number of years by your yearly salary. For mortgage considerations, include the entire outstanding loan amount and the applicable property taxes.