You’re ready to purchase life insurance, but how much…and for how long? You don’t want to over or under purchase, but how do I make a good decision for my family?
As objective as most agents try to make this, and it can be an objective process to some extent, this really is ultimately a subjective decision that needs to be made with your loved ones. Please reference the plethora of online calculators for more guidance with the coverage amount you need. A good idea is to take an average of these suggested amounts and go with that. A few of the better calculators we have found are: