The amount of life insurance needed varies based on factors such as income, debts, future expenses (e.g., college tuition), and the financial needs of dependents. A common rule of thumb is to have coverage that is 10-15 times your annual income.
The amount of life insurance needed varies based on factors such as income, debts, future expenses (e.g., college tuition), and the financial needs of dependents. A common rule of thumb is to have coverage that is 10-15 times your annual income.