How Much Life Insurance Do You Need?

Determining the right amount of life insurance depends on your income, debts, dependents, and financial goals. Here are common approaches to help you decide.

The 10x Rule

A simple starting point: aim for coverage equal to 10 times your annual income.

DIME Method

• Debt - Total outstanding debts
• Income - Years of income to replace
• Mortgage - Remaining mortgage balance
• Education - Future education costs for children

Our agents can help you calculate the right amount for your specific situation.