Most people don’t like to discuss life insurance. Mainly because it’s too complicated or a depressing subject. The truth is that there are two reasons to buy life insurance: if you owe someone and if you love someone.
Don’t waste your time trying to figure out exactly how much is the best for you. It’s more important that you have something in case something happens. A lot of financial experts will tell you to have 7 times your annual salary. This is a good number, but if you can’t afford it then its not going to work out in the long run. There is no one size fits all.
The best advice I have for you, is to go to an independent agent. Tell them you need life insurance for someone that you owe/love and let them help you through the process. Life insurance is a very rewarding product for an agent to sell because it provides a future for the clients loved ones. Often the loved ones don’t even know about it.
If you want recommendations on what kind of policy you should have or how much death benefit, please feel free to reach out. It’s too important to wait!