Of all the questions we get, one of the top ones is how much life insurance should I have? Also, Do I have enough life insurance?
There are tools to calculate how much life insurance is right. You can look it up on the lifeinsure.com site or simply use the “Interest method.”
This works as follows: How much income would your family need to maintain life style, save for future needs and wants such as college and retirement for your spouse and build in a “fudge factor” for not having enough? Let’s say the answer to that question for you is $$80,000 per year.
