How much should you leave your family after you’re gone?
One way to answer this is to determine:
|A)||How much money will my family need after
my death to meet immediate expenses, like funeral expenses and debts?,
|B)||How much money will my family need to maintain
their standard of living over the long run?
Another approach is to determine how much you would contribute to your
family’s well being if you live, your earnings less your personal expenses.
The calculators from lifehappens.org (or any other calculators for that matter) are no substitute for the guidance and assistance you'll get by meeting with a qualified insurance agent or other financial professional. So if you're serious about protecting your family's future, contact an insurance professional in your community.