Life insurance is great if you don’t need to use it, but unfortunately there’s no crystal ball to help us know when we may need it.
The benefits vary greatly but a good question to ask yourself to know how much protection is needed is, “If you (or the person you wish to insure), died today while crossing the street, how much would be needed to live normally for the next 5 years, if the insured is the primary income provider than how much would be needed for 10 years?”
Other factors to consider would be debts from loans, medical debts if say cancer was the cause, as well as if an accident was caused by the insured. It is probably one of the least favorite things to consider but one of the most important.
We will help you find a solution to help best fit you and your unique circumstances.