fbpx
Updated Tax Guides: Download your free 2024 Tax Guides for Churches and Ministers.
Updated Tax GuidesDownload your free 2024 Tax Guides for Churches and Ministers.

You need enough coverage to meet the needs of your survivors and should consider expenses such as a mortgage, raising children, and college. A general rule of thumb is to start with 10 times your annual income. Remember, the amount you need is always changing. A 35-year-old with a spouse and kids needs far more life insurance than a couple nearing their 60’s who are empty nesters.