Last Updated on March 9, 2021
-You could multiply your gross income by 10 or 15. Then add 100.000$ for each child’s education. The total is how much you could need to keep your family off the red after your job loss.
-Or, you could start by counting your family’s future expenses, such as weddings, funerals, or college loans. Then, subtract that total from your current savings. The difference you get is how much life insurance you should buy.
