One fundamental general rule is that the survivor benefit on your policy should equate to 7 to 10 times the amount of your annual income. But, like any guideline, that isn't always especially accurate. Another method of looking at it: You need to determine what income you want to offer your partner or other hannah and michael goldstein beneficiaries when you die (what is group term life insurance).
The resulting number is the shortfall you'll wish to fill with life insurance. This interactive calculator can help you come to a number. Let's say the shortfall is $25,000 a year. A basic insurance coverage principle states to buy a http://dallasxsjh799.jigsy.com/entries/general/an-unbiased-view-of-how-life-insurance-works life insurance coverage policy that is about 10 times that quantity, or $250,000 in this example.