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How much life insurance do I need?
If we’re not the first site you’ve visited then you will have already read some conflicting advice regarding this matter.
Whilst some sites will recommend 7 times your annual salary other sites will recommend as much as 15 times your annual salary it really depends on your own personal circumstances.
One of the most important factors is how much financial debt and ongoing concerns you will leave behind such as your mortgage, loans, credit cards etc.
You also have to consider the quality of lifestyle your loved ones will wish to remain with after your gone.
The only true accurate way to determine how much cover you require is to speak to a qualified advisor who will be able to work this out with you.
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