Buying life insurance is complicated, confusing, and, well, just no fun! Who wants to think about his/her mortality? But we all know stories of people who had the unthinkable happen…they lost a spouse or parent unexpectedly. It’s at that time that you wish you had taken the time to sift through this confusing topic.
Here’s a tool that can take some of the confusion away. It’s a life insurance need calculator. https://lifehappens.org/insurance-overview/life-insurance/calculate-your-needs/
By filling out a few fields with information you likely know off the top of your head, you can get an idea of how much life insurance you should buy.
And once you have that amount, remember this statistic: 86% of people overestimate the cost of insurance by more than two times.
Life insurance is the ultimate gift you give to your family, and you know, they’re worth it.