How much coverage should I ask for when getting my free term life insurance quote?
The amount of coverage you specify when applying for your free term life insurance quote will considerably impact your premiums and your loved ones, if you should die. The amount of coverage you need depends on your income, your level of debt, your family’s standard of living, and any financial obligations on the horizon for you. Your policy should always at least replace your income and then some because you have to factor in the services you provide (child care, cooking, cleaning, etc.) that your family might have to pay for if you die. If you have substantial debt, your policy should reflect this to avoid burdening your survivors. Your free term life insurance quote also needs to take into account your family’s current standard of living, as you want this to be preserved after you’re gone. Finally, if you have considerable financial obligations on the horizon, such as retirement or sending children to college, you might want to increase your coverage.
