• Skip to main content
  • Skip to footer

Flor & Associates Insurance Agency

El Paso Texas Insurance Agent Flor & Associates Insurance

  • Home
  • About Us
    • Company
    • Team
    • Testimonials
    • Employment Opportunities
  • Insurance
    • Personal Lines
    • COMMERCIAL
    • Transportation
    • Life & Health
  • Get a Quote
  • Claims
  • Resources
  • Blog
  • Contact Us

How Much Life Insurance Do You Need?

September 28, 2018 By Flor Caballero Lynch

question-mark-2492009_960_720This can be a tricky question, but there are a couple of ways to go about finding the right amount that you need without wanting to pull your hair out!

You can calculate how much you need and base the question on what kind of financial picture you find yourself in now, and what kinds of financial milestones will you want to cover. This can be a useful method if you have children or are a meticulous person— but I know that some of us would like a more simple method.

A more elegant solution to this question is just buying coverage equal 5 to 10 times your annual salary, so if you make $60,000 per year you’ll want to have a policy of $300,000 to $600,000 depending on how much of a premium you’d like to pay per month. money-1885540_960_720

Using either of these methods, anyone establish the amount that they think their family will need in the event of their passing. You can include things like college tuition, ability to pay estate taxes, and even other expenses like a first car for a child or grandchild— just be sure to calculate it in before making your decision!

Filed Under: Insurance, Life Insurance Tagged With: coverage, insurance, life, life insurance

Footer

Think Insurance, Think Flor

4420 N. Mesa St
El Paso, TX 79902

(915) 996-9799
FAX: 1-866-514-3064

flor@florinsurance.com
www.florinsurance.com

Follow us @

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Company

  • Insurance
  • Get a Quote
  • Claims
  • Resources
  • Blog
  • About Us
  • Contact Us

Contact

  • We would love to hear from you and provide you with a complimentary quote for any of your insurance needs.
  • This field is for validation purposes and should be left unchanged.

Leave us a review!

GOOGLE FACEBOOK
  Better business Bureau ®   See our scores >

© 2022 Flor & Associates Insurance Agency •All Rights Reserved • Website designed and managed by 8 SIGNAL