How Much Life Insurance Do You Really Need?

A common question many people ask is how much life insurance coverage they should have. Some people buy a very small policy, while others delay buying any coverage at all.

The main purpose of life insurance is to replace your income and support your family financially if something happens to you. A general guideline is that your life insurance cover should be around 10 to 15 times your annual income.

This amount helps your family manage daily living expenses, pay off outstanding loans, and support important future goals such as children’s education or marriage.

However, the right coverage depends on several factors, including your financial responsibilities, number of dependents, current savings, and future plans.

At Right Insurance, we help you assess your financial situation and recommend a life insurance plan that truly protects your family’s future.