How Much Life Insurance Do You Actually Need?

1 The 10x-salary rule ignores your debts, your childcare years and how much your partner already earns.

2 Add up what your income pays for, subtract what already exists, and the gap is the policy you need.

3 US survivor benefits pay a child 75 percent of the parent's benefit, but a family maximum caps the total.

4 A UK policy written in trust pays your family directly instead of adding 40 percent to an Inheritance Tax bill.

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