Insurance 4 USA

Insurance Quotes | Insurance Learning Center

Ranked #1 Insurance Quote Brokerage on the Web by

quote form divider top
Start Your Insurance Quote:       Zip Code:     quote form divider bottom
car insurance Car Insurance Quotes
life insurance Life Insurance Quotes
home insurance Home Insurance Quotes
business insurance Business Insurance
health insurance Health Insurance Quotes


Click to verify BBB accreditation and to see a BBB report.

Main > Insurance Tips

Life insurance coverage amounts recommended

Professionals suggest you should have 8 to 12 times your income in life insurance. It’s not that simple. Here are some important questions which will help determine your insurance needs.

  • How much will your funeral cost?
  • Do you want to pay off your mortgage if you should die?
  • Do dependents count on your income?
  • Should you have money set aside for college education or retirement for your spouse?
  • What other expenses do you have that would still exist if you died?

Attach a dollar figure to each of these numbers. You can use our life insurance needs calculator to do some of the math for you. One way to calculate income needs is to multiply the number of years your spouse/family will need income by how much income is needed. This method works best if only a limited number of years are required, say 5-10 years. If your family will need the income for an extended period of time, then it’s probably better to divide the income needed by an conservative interest rate of say, 3%. This way, the life insurance death benefit will ‘spin-off’ the desired amount of income for an indefinite period.

In any event, it is a good idea to discuss your needs with an experienced life insurance agent and to compare rates among a few companies.

Begin Your Life Quote

Zip Code:  

« Can I pay someone elses insurance policy?

State Insurance Center | Insurance Leads

Site Map | About | Contact | Affiliate Program | Insurance FAQ | Terms and Conditions

Copyright 2000-2007™. All rights reserved. Privacy Policy | Legal
Insurance4USA, Box 2092, Denver, CO 80201