Blog

February 29, 2020

How much life insurance I need ?

Underwriters Thumb Rule, Life insurance need is a multiple of annual income depending on the age(see below)

Age Worth of life insurance
20-30 15 x annual income
31-40 14 x annual income
41-45 12 x annual income
46-50 10 x annual income
51-55 8 x annual Income
56 Upward 6 x annual income

 

 

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