How Much Life Insurance Do You Really Need?

When people ask how much life insurance they need, the real question is: what financial gap would your family face if you weren’t there?

A good starting point is your annual income. Think of how many years of your income your family would need to get stabilized.

But that’s only a baseline.

You should also consider:

• Outstanding mortgage balance

• Children’s education costs

• Debts and loans

• Ongoing living expenses

• Future retirement needs

The goal of life insurance is income replacement and financial stability.

There are two main types:
Term Life Insurance – Coverage for a specific period (often 10–30 years). Especially useful for your working years.
Permanent Life Insurance – Lifetime coverage with potential cash value.

Choosing the right amount and type depends on your stage of life and long-term goals.

If you’re unsure, a personalized review can clarify your options and ensure your family is properly protected.

Here’s how to reach me if you’d like more info or a quote: https://www.davidsbenefitscenter.com/consultations