How Much Life Insurance Should I Buy? (Part 2 of 5)

Once you are convinced that you need to buy life insurance, the next question usually is, “How much life insurance should I buy?” Below is a quick chart that will help most individuals answer that question, and if you have a significant other, ask them to walk through it, too.

How Much Life Insurance Chart

 

Now that you know how much life insurance to buy, it’s time to start shopping around for different policies. The next questions most people ask me are:

  • Should I buy term, whole life, or universal?
  • How long should my policy last?

Read the next blog entries to find out the answers.