One basic guideline is that the death advantage on your policy need to equal 7 to 10 times the amount of your yearly wage. However, like any rule of thumb, that isn't always particularly precise. Another method of taking a look at it: You need to find out what income you desire to offer your partner or other beneficiaries when you die (what is universal life insurance).
The resulting number is the deficiency you'll want to fill with life insurance. This interactive calculator can assist you reach a number. Let's state the deficiency is $25,000 a year. A standard insurance principle states to purchase a wesley ct life insurance policy that https://www.inhersight.com/companies/best/reviews/equal-opportunities has to do with 10 times that amount, or $250,000 in this example.