One standard rule of thumb is that the death advantage on your policy ought to equal seven to 10 times the quantity of your annual salary. But, like any guideline of thumb, that isn't constantly especially precise. Another method of looking at it: You need to figure out what earnings you wish to offer for your spouse or other recipients when you die (what is universal life timeshare advocates insurance).
The resulting number is the deficiency you'll desire to fill with life insurance coverage. This interactive calculator can assist you show up at a number. Let's say the shortage is $25,000 a year. A basic Look at more info insurance coverage concept states to buy a life insurance policy that has to do with 10 times that amount, or $250,000 in this example.