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  How Much Life Insurance Do I Need?

 The Question…

  • “How much life insurance?” is a question every person must answer individually, based upon a number of circumstances:
  • What debts will I leave for my family to pay?
  • How much will my final expenses be – medical expenses, hospital bills, funeral costs, etc.?
  • Is there a mortgage to pay off if I die?
  • Do I want to provide funds for continuing mortgage or rent payments?
  • Do I want to provide an education fund for my children?
  • Should I accumulate an emergency fund?
  • What ongoing income needs will my family have?
  • Where’s the money for all this going to come from?
  • How will Social Security help if I die prematurely?
  • How much life insurance do I already have?
  • Is it term or permanent insurance?

Cash Needs...

Making Adjustments...

The Human Life Value Approach...

The Bottom Line...