One basic general rule is that the survivor benefit on your policy need to equal 7 to 10 times the amount of your annual salary. But, like any general rule, that isn't always especially accurate. Another method of looking at it: You need to figure out what earnings you want to attend to your spouse or http://caidenlxlp345.fotosdefrases.com/some-ideas-on-which-of-the-following-is-an-important-underwriting-principle-of-group-life-insurance-you-should-know other recipients when you die (how to find out if someone has life insurance).
The resulting number is the shortfall you'll want to fill with life insurance coverage. This interactive calculator can help you show up at a the timeshare number. Let's state the deficiency is $25,000 a year. A standard insurance concept states to buy a life insurance coverage policy that is about 10 times that quantity, or $250,000 in this example.
