How Much Life Insurance Should I Have?
It’s an important question. The amount of life insurance coverage a person should have varies on a case by case basis. The video below gives you a walk through of what a sample calculation looks like.
For this calculation, a life insurance broker will review:
Your current debt obligations and future cash needs.
Income replacement for dependents and the amount of time the cash flow is needed for.
Your current assets or existing coverage that can offset the insurance need.
As you can see in the video above the calculation doesn’t take long to complete. Feel free to reach out if you want me to do a complimentary calculation with you!