scorecardresearchLife insurance: What is the ideal amount of coverage for you?

Life insurance: What is the ideal amount of coverage for you?

Updated: 03 Jul 2022, 01:31 PM IST
TL;DR.
The amount of life insurance coverage should be sufficient to financially support your family when you pass away, and the cost should be affordable. It is suggested that you have at least ten times your annual income in life insurance. Let's look at the following article to learn more about the subject.
Life insurance is a contract between an insurance policy holder (insured) and an insurance firm.

Life insurance is a contract between an insurance policy holder (insured) and an insurance firm.