Determining how much life insurance you need doesn’t have to be complicated. Working with your insurance advisor, use the following 3 easy steps to find out how much insurance protection you require today to protect your loved ones.
Step 1 : Identify your current debts that would need to be paid in the event of death
Step 2 : Determine your current and future financial needs
Step 3 : Deduct the portion to be recovered by your assets and financial resources
Total of Step 1 + Total of Step 2 – Total of step 3 = Your Minimum Life Insurance Needs