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Life Insurance Calculator: How Much Life Insurance Do You Need?

Do you know how much life insurance is the right amount for you? Take a few minutes walking through our Life Insurance Calculator for the answer. And even if you have life insurance today, is it enough? It may cover your family’s expenses so take time to make sure you have enough life insurance coverage. About 1 in 5 with life insurance admit they do not have enough. No matter your situation, when it comes to figuring out how much life insurance is the right amount, our Life Insurance Calculator can help you get organized around your life insurance needs and recommend a coverage amount. Understanding your needs goes a long way in helping one of our licensed SelectQuote agents assist you in finding the right policy and get you a quote for life insurance. We shop many highly rated life insurance companies to save you time and money. Life Insurance Calculator:…

How to Select The Right Amount of Life Insurance for You

Terry’s life insurance cost $9.95 a month. Sounds like a good deal, right? The cost of a couple cups of coffee a month can fit into most people’s budget. That may work for Terry, but it doesn’t really answer the question, “how much life insurance do I need?” or “How much is the right amount of life insurance?” A number of factors go into estimating your coverage needs. If you already know your financials fairly well, try our life insurance calculator. It will give you a quick sense of what you’ll need to consider for coverage. Plus, it offers three financial planning scenarios for what you could leave your beneficiaries. Otherwise, let’s review common considerations that go into deciding how much to purchase. Does Your Employer Offer Life Insurance Coverage? If your employer offers life insurance coverage, it can be a cost-effective way to supplement your needs. Large employers negotiate…

How Much Life Insurance Do You Need?

If you’re considering buying life insurance, whether for the first time or to supplement policies you already have in place, you’ve made a good decision. Term life insurance is the most affordable way to protect your family’s financial security for the long haul. It replaces your income in the event of your death. And life insurance ensures your dependents can support themselves financially in your absence. Term life insurance is surprisingly affordable. If you’re in your early or mid-career (20s, 30s or 40s) you can buy coverage for under a dollar a day. Even if you’re older, you can most likely find a policy that’s right for you and your dependents at a price you can afford. Your biggest questions may be: How much term life insurance do I need and for how many years? Many tools and tips from experts can help you decide. Making an important decision that…