How much life insurance should the mother of one infant have?
A. My husband and I both work. There are a number of things to consider when calculating the amount of insurance that any given individual should own. Opinions differ as to exactly how to calculate the appropriate amount of life insurance. Be wary of rules of thumb advice such as multiplying your current earnings by eight because they tend to be misleading, these quick solutions oftentimes do not take important factors such as age and future earning potential into consideration (factors which, when improperly calculated, can produce dramatically different estimates). There are a number of life insurance calculators on the Internet that can more accurately guide you to a figure that would fulfill your insurance needs. Naturally, these calculators take certain factors into consideration, but the actuaries and other financial analysts who create these tools are cognizant of prevailing investment/financial strategies. Typically, however, when you attempt to calculate the amount of insuranc
