February 29, 2020

Categories
Insurance Services

How Much Life Insurance I Need ?

Underwriters Thumb Rule, Life insurance need is a multiple of annual income depending on the age(see below)

AgeWorth of life insurance
20-3015 x annual income
31-4014 x annual income
41-4512 x annual income
46-5010 x annual income
51-558 x annual Income
56 Upward6 x annual income

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