Guide

How much life insurance do you need?

REWRITE NEEDED: A calculator and the reasoning behind it: income years, debts, education and wha

REWRITE NEEDED: The most common method is to add up what your income would have covered and subt

Coverage estimate

Annual income to replace Years to replace it Mortgage and other debts Future education costs Savings and existing coverage

$1,765,000

REWRITE NEEDED: Estimate = income × years + debts + education − what you already have, rounded t

REWRITE NEEDED: Income years. Ten to twenty years of income is the range most p

REWRITE NEEDED: Debts. A mortgage is the largest for most families. Coverage th

REWRITE NEEDED: Education. A rough allowance per child, in today's dollars. It

REWRITE NEEDED: What you have. Savings that could be spent, and group coverage

REWRITE NEEDED: When you have a number, the quote tool shows what that am