Calculating the perfect coverage amount for life insurance can be challenging considering the many factors that come into play. A good estimate can be determined by answering some important financial questions to determine what your family would need in the event of your death. Use the calculator below to get an estimate of your ideal coverage amount.
In this blog post, we will be going over the basics of everything you need in order to figure out how much life insurance you need (specifically for physicians, doctors, residents, medical students, and fellows!)
One of the most common questions that we get asked by physicians is "How much coverage do I actually need?"
And it is true that there are people out there who will sell you too little, and people who will sell you too much, and it’s not good to be in either situation.
So you know you need life insurance… but how much Life insurance do you need? And what type of life insurance should you get?
We’ll be going over the basics of how to figure out how much life insurance you need and what type of life insurance you should get (specifically for physicians, doctors, residents, medical students, and fellows!).