A simple starting point is 10 times your yearly income.
That keeps your family paying the mortgage, the bills and the kids' costs if you're gone. For a closer number, add any debts you'd want paid off, then take away your savings.
Coverage through work is often only one or two times your salary, and it usually ends when you leave the job. A personal term policy stays with you.
Sample monthly prices
$250,000from $15 a month
$500,000from $23 a month
$1,000,000from $39 a month
Sample rates for a healthy nonsmoking man age 30, 20 year term, Florida, November 2026. For healthy nonsmokers age 30, $500,000 runs $18 to $23 a month. Rates vary by age, health, and coverage amount.
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