Use our life insurance calculator to figure out how much term or whole life insurance coverage you need. Plus, learn more tips for choosing the right amount in 2025.

Generally, term life insurance is more affordable than whole life insurance. It's active for a set period — between 10 and 30 years — and doesn't offer any payout if you outlive the term.

Whole life insurance coverage can cost as much as 10 to 20 times more than term life for the same amount of coverage. That means you could pay $400 or more per month for a whole life policy worth ...

How much life insurance you need is specific to your own individual circumstances and standard of living. Getty Images Life insurance policies shouldn't require a lot of upkeep.

How much life insurance do I need? It’s a common question but everyone has a different answer. In this life insurance guide, we’ll help you determine how much life insurance you should have.

To figure out how much life insurance you need, take a systematic approach instead of relying on rules of thumb. Kiplinger. ... for the entire $500,000 of whole-life insurance.

Like annuities, the subject of life insurance tends to be one of the most controversial, hotly contested financial planning topics, often sparking debates bordering on fisticuffs between purveyors ...

There are some rules of thumb for calculating how much life insurance coverage you will need. Some people look for a product that pays out 10 times their annual salary as a lump sum.

How much life insurance do I need? Financial planning experts weigh in on the basics of life insurance, how it works and when it’s a wise investment. ... meaning they span your whole life.

How Much Life Insurance Do I Need? It’s recommended to get life insurance that covers at least 10 times your annual salary. With this simple rule, someone earning $100,000 a year would look for ...