Although life insurance needs vary from person to person, here’s a simple equation that can help: Resources (significant other’s income, investments, existing life insurance) – Current/Future Needs (debts, child education/daycare, income replacement) = Your Life Insurance Needs.
Want help getting started? Our Life Insurance Needs Calculator makes it easier to figure out how much life insurance you’ll need. At the end of the day, though, your agent is the best person to talk to about determining how much life insurance is just right for you.
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