Life Insurance

How Much Life Insurance Is Enough?

Determining the appropriate amount of life insurance to buy can be complex if you own a business or have a large estate with tax concerns. For the rest of us, factors that may impact the decision include household debt, loss of income, and the number and ages of any children or dependents you leave behind. If the insured is employed, it is common to need to replace 15-20 years of lost wages in case of their death.

At F&M Trust, we first consider term policies to provide the highest benefit for the lowest cost. We can assist you in determining the amount of insurance you need, and the best type of policy for your situation.

To get started figuring out how much you might need in life insurance, try our handy calculator.


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