According to multiple of earnings method, the rule of thumb used by many insurance agents is that your insurance coverag
Posted: Thu Jul 21, 2022 8:57 pm
According to multiple of earnings method, the rule of thumb used by many insurance agents is that your insurance coverage should be equal to 5 to 10 times your current income. For example, if you currently earn $70,000 a year, using the multiple of earning method then you need between:
A. $300,000 and $700,000 life insurance
B. $400,000 and $700,000 life insurance
C. $390,000 and $800,000 life insurance
D. $350,000 and $700,000 life insurance
A. $300,000 and $700,000 life insurance
B. $400,000 and $700,000 life insurance
C. $390,000 and $800,000 life insurance
D. $350,000 and $700,000 life insurance