Ask whether your company's policy will allow you to purchase additional coverage to meet the formula mentioned earlier. In most cases, such a policy's premiums are attractively priced. If you leave your job, you may not have the option of taking this life insurance policy with you. Additional coverage at your new job may then be more expensive, depending on your age and health. Low-load life insurance companies.
Some companies offer policies directly to the public rather than through life insurance agents.
These policies have lower fees because there's no sales commission built into the premiums. You have nothing to lose by contacting these companies and asking for information and a quotation. Many insurance agents will work hard to find attractively priced coverage for you, and their advice can be helpful. Using an insurance agent can also be more convenient if you don't have the time to research every single policy. Then find an agent in your area that represents that insurer.