How much coverage do we need?
Start with the mortgage, about ten years of income, childcare until school starts, and something toward college. For most working parents we help, that adds up to $500,000 to $1.5 million for each parent.
A stay-at-home parent needs coverage too. Childcare, driving, and running the house cost real money to replace, so we usually suggest $250,000 to $500,000.
How long should it last?
A 20- or 25-year term usually covers the years your children depend on you. We’ll walk through what changes when the term ends and show you options from several companies side by side.
What does it cost?
A healthy 30-year-old who does not smoke can often get $500,000 of 20-year term life for about $20 to $30 a month. Your quote depends on your health and details, and we make the comparisons easy to understand.
