How much life insurance is enough

Life insurance is not for you, it is for those you leave behind. It is your final gift. That makes it unique among insurance policies since most people who buy a life insurance policy won’t benefit from it during their lifetime. Unless you borrow from a whole life policy or cash it in. At D&B Insurance Solutions in Dallas, TX what matters to you, matters to us. We are a female-owned family business and as an independent agency, we can offer choices to our customers. 

Deciding how much life insurance is enough is not easy and even once you have decided what enough is, you can’t count on the amount staying the same. Many events in your life will change your need for life insurance. No matter where you are in life, don’t count on work provided life insurance as part of what you need. You can’t count on staying at any job for the rest of your work career. 

When you are young and carefree, your life insurance needs are minimal. You need enough money or life insurance to pay off any debt you may have and for your final expenses. That does not require a great deal of life insurance. 

As you get older your need for life insurance will increase as you do things like buy a home, get married, and start a family. Each of these events raises your need for protecting your loved ones. Once you have people who count on your income, you need to add a significant amount of life insurance. For a family, 7-10 years of your income is considered normal. That may be more than you can afford. You need to sit down with one of our agents to discuss all your options. 

In Dallas, TX, D&B Insurance Solutions is the place to go for life insurance.