Most families don t have enough insurance to cover the costs of losing a loved one.
At the same time, you don t want to buy more insurance than you need because your money might earn more through investments. A rule of thumb is that you need 5 to 15 times your annual income in coverage. It s hard to estimate how much a person contributes to the family, but with the right information, you can make smart choices. Read through this section for some of the issues you ll want to consider. Projecting your family s needs Living expenses change over time.