Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.It is recommended to get 10 times your salary in life insurance, but really, you should consider getting as much as you can afford.
Your health, finances, and other factors determine how much insurance you will be approved for. Get as much life insurance as you can afford now and consider getting more later. Life insurance is something you typically don't think about when you're in your 20s. However, purchasing life insurance while you're young and healthy is the right time to get the best rates and the highest coverage amounts. That doesn't mean that you can't get insurance as you age, but it probably means that you will have limits on your death benefit amount and higher premiums.
iiiorg wow