As a single person, how much life insurance do I need?
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UPDATED: Jul 16, 2021
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There is no right answer to determining how much life insurance any individual needs. There are many formulas you can use to help you determine the best amount for you. As a single individual, you don’t have a spouse or children to support after your death but you may still want to leave a legacy for those that you love. When determining the right amount of insurance for you, you must decide what the goal of your death benefit is and how much money you’ll need from an insurance policy to achieve that goal.