Figuring out how much life insurance you need can be difficult, and the
   earner, she took out $900,000 in life insurance on herself and $600,000
   The life insurance industry’s rule of thumb is 10 times annual salary
   for an individual. But consultants and various online life insurance
   calculators try to provide more specific estimates. The Life and Health
   calculators to figure life insurance needs as do insurance companies,
   There are two basic varieties of life insurance. Term insurance, which
   includes whole life and universal life, does not expire and is often
   help him calculate his life insurance needs. Credit Brad Doherty for
   life insurance through their employers, specialists say, because it can
   poor health or those looking for a convenient way to buy life insurance
   $4.8 million in life insurance — $1.6 million in whole life and the
   needs, he hired Peter Katt, a national fee-only life insurance
   costs a fraction of permanent insurance like whole life (with a
   locked-in premium) or universal life (where the premium may vary based
   life of the policy — 5 to 30 years — but coverage is like a lease: it
   The American Council of Life Insurers, a trade group, said 35 percent
   of households had no life insurance. One was the Diss family of Tampa.
   needed life insurance worth 8 to 10 times annual salary, they thought