How Much Life Insurance Can I Qualify For?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The amount of life insurance that you qualify for depends on your age, income and assets. In some cases, the amount of coverage is also limited by health factors. So you need to visit with a life insurance agent to determine the amount of life insurance for which you can qualify.
    Answered on November 11, 2013
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  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    There are several factors to consider when qualifying for a certain amount of life insurance. One do you have a beneficiary with an insurable interest? Meaning, if you die does a family member, loved one or business suffer financially at your loss? If so, then the insurance company underwriters will need to consider your age, build, health status and history, life style, income, assets, occupation and residence to determine the face amount of how much life insurance you may qualify for. The rule of thumb, based on age and life insurance carrier, can be 10 to 35 times your income plus your assets. I highly recommend using an experienced independent life insurance broker to help you navigate this maze of coverages as well as finding you the best rates.
    Answered on May 4, 2015
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