Life insurance calculation FAQs
How do you calculate life insurance?
Because life insurance coverage needs vary from person to person, there is no single calculation that can determine how much life insurance someone needs. Instead, consider how extensive you need coverage to be and get estimations with the life insurance calculator.
What is the rule of thumb for calculating life insurance?
Multiplying your income by 10 is a good place to begin calculating your life insurance needs, though this rule of thumb doesn't work for everyone. Consult a financial advisor if you want help determining how much life insurance coverage you need.
What age should you get life insurance?
All adults should strongly consider getting life insurance. The type of life insurance and the coverage you choose may vary by age.