How Much Life Insurance You Actually Need
The 10× income rule says $720,000. The DIME method says $1,544,000. Working the family's real numbers says $509,000, and the difference in premium is $49 a month.
- $509,000
- What the needs analysis produced
- $27,600
- Annual survivor benefits omitted by the rules
- 3×
- Spread between the three methods
Alex Hales