One basic Visit the website general rule is that the survivor benefit on your policy must equal seven to 10 times the quantity of your yearly salary. However, like any guideline of thumb, that isn't always especially precise. Another way of looking at it: You require to figure out what income you want to offer your partner or other recipients when you die (what is basic life insurance).
The resulting number is the shortage you'll want to fill with life insurance coverage. This interactive calculator can help you get to a number. faye wesley jonathan Let's state the shortage is $25,000 a year. A basic insurance principle says to purchase a life insurance coverage policy that is about 10 times that amount, or $250,000 in this example.
