How much life insurance do you need?

How Much Life Insurance is Enough?


	$100? $200? $300? How Much Could You SAVE on Life Insurance? Search for an Agent in Your Local Area

A good rule of thumb is to aim for a policy that will cover 2-6 times your annual income. If your yearly income is $50,000, then a policy from $100,000 - $300,000 should be sufficient. Again, it depends on your personal situation. Take into consideration the rate of inflation, potential college tuition costs, or large loans and home mortgages. If you have two children who plan on attending college, current tuition prices range anywhere from $10,000 - $30,000 per year, with the high end range focusing on private universities. Expect that range to increase anywhere from 5-10% within the next 5 years.


	Nothing in life is certain. No one likes to think about it, but the truth is it can happen to you. Give your loved ones the financial security they deserve. Let AccuQuote shop the market for you to determine which company will offer you the best price. We’ll help you compare the price, features, and financial strength of hundreds of life insurance products. By doing so, our clients can typically save up to 70%!

* Super Preferred No Tobacco rates. Not all applicants will qualify for these premiums. Premiums are current as of 01/15/2011 and are subject to change. Premiums include policy fee and are rounded to the nearest dollar. This policy has exclusions and limitations. For costs and complete coverage details call your financial professional. All guarantees are based upon the financial strength and claims-paying ability of the issuing insurance company who is solely responsible for obligations under its own policies. ING TermSmart, policy form series 1315-02/10, may vary by state and may not be available in all states, is issued by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the ING family of companies. Not available in New York. ING TermSmart*NY, policy form series 3314-02/10, not available outside of New York, is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY), a member of the ING family of companies. Within the state of New York, only ReliaStar Life Insurance Company of New York is admitted and its products issued. Other than the ING companies identified, no other entities, whether distributing or listed on the material, are affiliated with the ING family of companies.

Unisex rates, which at most carriers are the same as male rates, apply in Montana.

Life Insurance Articles
Life Insurance Explained A simple explanation of life insurance and why it is a good idea in planning for the future. ”Life insurance is insurance that will protect your family and/or specified dependents in the event of the policy holders death. In general, it is an essential component in planning for the future...“ Read More >>	How Much Do You Need? Things to consider when deciding how much life insurance you need. "A good rule of thumb is to aim for a policy that will cover 2-6 times your annual income. If your yearly income is..." Read More >>
Do You Need Life Insurance? Questions to ask yourself in determining if you need a life insurance policy. ”It depends on your situation. Several key questions follow below to help give you an idea of signals pointing to ”yes“...“ Read More >>	Whole Life Insurance No nonsense explanantion of whole life insurance. ”Whole life insurance provides permanent protection for your dependents while building a cash value account. With this type of insurance, the insurance company manages the policies various accounts...“ Read More >>
What Life Insurance is Best? Comparison of term and permanent life insurance policies. ”There are two basic types of life insurance: term and permanent. Term insurance is purely life insurance while permanent (aka "cash value" or "whole life") policies include a savings element...“ Read More >>	Variable Life Insurance Explanation of what a variable life insurance plan does and does not offer. ”Variable life insurance provides permanent protection for you and is the type of life insurance with account flexibility for the more risk-oriented policy holder...“ Read More >>
Types of Life Insurance Learn about the different types of life insurance plans and their benefits and drawbacks, including, whole, term, universal, variable and variable universal. ”Term life is the simplest and least expensive type of policy. It's pure insurance with no cash value account. A term life policy has only one function...“ Read More >>	Universal Life Insurance Learn about why a universal life insurance is a more flexible policy. "Universal life insurance provides permanent protection for your dependents and is more flexible than whole or variable life..." Read More >>
	Universal Variable Life Insurance Learn about how to control the cash value amounts in a life insurance policy. ”Universal Variable life is the type of insurance which gives you more control of cash value account policy features than any other insurance type...“ Read More >>

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