How Much Life Insurance Do You Need?

Nicole Dierking

Understanding why you need life insurance isn’t difficult, especially if you have a family. Life insurance helps protect the financial future of your family should something happen to you. If you don’t have a family, life insurance can help protect the future of your business or provide a meaningful legacy for a cause in which you believe.

Determining how much life insurance you need, however, may be a little harder. Your need for coverage may vary during your lifetime—generally increasing as you build your family and estate. This article outlines one way to determine the amount of coverage that’s right for you.

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