But here’s the big question: how much life insurance is enough?
It’s a common question. In fact, while 52% of American adults have some life insurance, 41% say they don’t have enough, whether they’re insured or not. And 44% of households say they’d face financial hardship within six months of losing the primary wage earner. For 28% of those households, financial hardship would hit in just one month.
That’s where a little planning goes a long way.
Start With a Simple Checklist
Deciding how much life insurance you need doesn’t have to be complicated. Our Life Insurance Planning Checklist walks you through a few key questions to help you estimate the right amount of coverage for your situation.
It’s not a one-size-fits-all process—but this checklist is a great starting point.
Download the Life Insurance Planning Checklist »
Need Help Along the Way?
Life insurance can be a surprisingly simple part of your financial plan, especially when you have someone guiding you. Whether you’re buying a new policy or thinking about increasing your current coverage, Leavitt Group Texas Select is here to help.
References
https://www.limra.com/en/newsroom/news-releases/2023/new-study-shows-interest-in-life-insurance-at-all-time-high-in-2023/
https://www.forbes.com/advisor/life-insurance/life-insurance-statistics/
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