Life insurance: How to calculate how much you need in 4 simple steps
Life insurance: How to calculate how much you need in 4 simple st…
Jun 1, 2018
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Do you know how much life insurance costs? Learn about the factors that influence the rates then visit the link below for more information on life insurance costs by age. | Mutual of Omaha
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A common approach to estimating how much life insurance you may need is using the DIME method. It stands for: • Debt: Add up all debts, including mortgages. • Income: Calculate financial protection needs (5-10 years). • Mortgage: Include any mortgage balance. • Education: Estimate the cost of children’s education. You may be able to generate a well-rounded estimate that reflects your needs using this method, but consulting with a financial representative is recommended. | Western & Southern
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A common approach to estimating how much life insurance you may …
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