How much life insurance do I need?
The answer to this question is different for everybody. Ask yourself the following questions:
- How much of the family income do I contribute?
- What bills are being paid with my income?
- What other income sources do I provide? (consider health insurance and other benefits provided by your employer)
- Who is dependent on me and my income?
A calculator from LIfe Foundation can help you do this. Contact us, for a discussion about your obligations and dependents with a independent insurance broker who can help you understand your life insurance needs and options.