TMIB Blog

Do you really need 10x your salary in life insurance?

Life InsuranceIn the past, we’ve touched on the question “How Much Life Insurance Do You Need?”. The old school rule of thumb was that it should be somewhere between five to 10 times your salary, but it really does depend on a few factors including:

– How much salary will you be replacing at home?

– Would the amount of the life insurance lead to enough interest to live on?

– What are the ages of your dependents?

To read the full article “Do You Really Need 10X Your Salary in Life Insurance” visit LifeHappens (http://www.lifehappens.org/blog/do-you-really-need-10x-your-salary-in-life-insurance/) and for all of your life insurance needs, contact TMIB.

 

The information provided in our blogs are very brief overviews that do not provide complete descriptions of any coverage described nor do they list all of the important factors one should evaluate before deciding on a policy. Please speak to your broker at TMIB about your specific insurance needs and for more detailed information about types of coverage.