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#129 - Protecting Your Family

CISO Tradecraft®

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The Cost of Life Insurance

When you think about how much insurance is appropriate, it really depends on where you are. You're just single and did not have any dependence and I really had no meaningful debt other than just paying off that one's bills. Nobody depended upon me. Other than the fact that they had to dig a hole in the ground and stick me in it, that was the only requirement that it had. But if you're family person, maybe you have one or two kids, a spouse, mortgage, things like that, the estimate is 10 to 12 times your annual income. If you've got that much, you probably don't need life insurance.

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