1. 63333 POINTS
    Peggy Mace, Certified Senior Advisor (CSA)®PRO
    CEO, Outlook Life, Inc, Most of the U.S.
    To determine life insurance needs you can use a calculator such as on this website: http://www.lifehappens.org/life-insurance-needs-calculator/.

    Talking to a knowledgeable agent can be helpful, as well, as they can help you look at the big picture. E.g. Do you also need Disability Insurance or other products? Could those perhaps be combined with your life insurance policy? 

    Finally, your budget will greatly affect how much you end up purchasing. Again, talking to an agent who is able to assess your health rating, provide quotes, and help you look at all angles will help you make the best choice for this important financial step.
    Answered on May 6, 2013
  2. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Assuming the question is addressing an indemnification need, there are two items to establish from the get go. Can you economically justify the face amount you’re applying for and is there insurable interest between the insured and the beneficiaries? The second step is to create a personal financial profile, develop a risk tolerance point of reference and your economic goals. These will assist you in the type of life insurance you should consider.

    Answered on May 28, 2013
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