You could ask ten different insurance professional how much life insurance should I buy and you would get ten different answers.
The most common reasons for purchasing life insurance include coverage of debt, specifically a mortgage, replacing lost income for survivors and making sure there are funds available for education of children.
How you actually determine how much life insurance you need is really a personal decision. What I recommend is you find a life insurance agent you can trust, like The Murray Group, and have an honest discussion about what you hope to cover with your life insurance and what your financial capabilities are and make your decision from there.
Watch this video “How much life insurance should I buy?” for more details:
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This is video #20 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.
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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.
created by Ryan Hanley