How Much Life Insurance is the Right Amount?

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How do you know if you’re adequately insured?

If the COVID Pandemic has taught us anything, it’s that not much in life is certain. Fortunately, planning ahead and having adequate life insurance can help guarantee your family’s financial future.

Recent studies indicate that 7 out of 10 households with life insurance are only able to replace 3½ years of lost income if a breadwinner of the household dies.

 

How much life insurance do you need to adequately protect your family? Let’s find out.

Here is a simple formula to estimate the amount of coverage needed to protect your family.

Life Insurance Estimation

Products are not available in all states.

No matter what tomorrow brings, Catholic Financial Life will be there for those you cherish most.
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