One standard general rule is that the death benefit on your policy should equate to 7 to 10 times the i want to sell my timeshare without upfront fees amount of your http://franciscooowc647.xtgem.com/the%20best%20guide%20to%20the%20consideration%20clause%20in%20a%20life%20insurance%20contract%20contains%20what%20pertinent%20information yearly salary. But, like any general rule, that isn't constantly particularly accurate. Another method of looking at it: You need to figure out what earnings you want to offer your spouse or other beneficiaries when you pass away (what is whole life insurance).
The resulting number is the deficiency you'll want to fill with life insurance. This interactive calculator can assist you get here at a number. Let's state the shortfall is $25,000 a year. A basic insurance principle states to buy a life insurance policy that is about 10 times that quantity, or $250,000 in this example.