One basic rule of thumb is that the death advantage on your policy must jon and amanda d'aleo equal seven to 10 times the amount of your annual salary. But, like any guideline, that isn't constantly especially precise. Another method of taking a look at it: You require to figure out what income you want to provide for your spouse or other beneficiaries when you die (how much do life cancelling sirius insurance agents make).
The resulting number is the shortfall you'll wish to fill with life insurance. This interactive calculator can help you arrive at a number. Let's state the deficiency is $25,000 a year. A basic insurance concept says to buy a life insurance coverage policy that has to do with 10 times that quantity, or $250,000 in this example.
