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Is there a certain amount of life insurance i'm required to buy?

Unlike the situation with car insurance, no law requires you to buy life insurance. You decide if you want to purchase life insurance, and how much to buy.

If you do apply for life insurance, you will find that companies have various rules about the lowest amount they would like you to buy. These range from home service companies with very low minimums (a few thousand dollars), to companies that sell primarily to business people and high-income individuals (hundreds of thousands to millions).

Use the menu below to view more about How Much Do I Need?

  How Much Do I Need?

Is There A Certain Amount Of Life Insurance I'm Required To Buy?
I Have A Hard Time Saving Money. Should I Buy Life Insurance As A Form Of Forced Savings?
What Should I Do If I Have Problems In Getting Coverage?
What Is A “Needs Analysis”? Do I Need One To Determine How Much Life Insurance I Should Have?
How Is Cost Determined?
Will I Have To Be Examined By A Doctor To Buy Life Insurance?
Do I Need To Give Personal Information About My Medical Condition And Finances To Get Insurance?
What About Companies That Advertise No Physical Exam?
What Happens To The Medical Information From My Application?
I Am Concerned About My Medical Information Being Available In A Report. How Do I Get A Copy Of My Mib Report?
Will I Need Life Insurance When I Retire?
Should I Buy Life Insurance On My Children?
Will A Life Insurance Policy Affect My Eligibility For Medicaid Benefits?
Do I Need A Financial Planner?
Do I Need A Lawyer To Help Me Buy Insurance?
  


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