How do I know if my life cover is adequate?
If your life cover is not enough to meet your family’s needs in your absence, you are at risk of being underinsured.To know if your life cover is adequate, check the formula:The additional life cover you need to get = Current annual income x Number of years you plan to work for from now* - Current cover*It means the number of years after which you will take a chill pill with your work. You could retire or take up your hobby full time.