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Life Insurance

How much life insurance do I need?

A common rule of thumb is 10 to 15 times your annual income, but the right amount really depends on your specific obligations — outstanding mortgage balance, other debts, future costs like college tuition, and how many years of income replacement your family would need.

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Some people use a more detailed calculation (sometimes called the DIME method: Debt, Income, Mortgage, Education) to arrive at a more precise number rather than relying on a simple income multiple.

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Because everyone's finances look different, a quick call with an agent can help translate your specific numbers into a realistic coverage amount rather than guessing.

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