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How Much Life Insurance Do I Need?

Some people believe that there is a simple rule of thumb that pinpoints how much life insurance is necessary based solely on a person's income. Unfortunately, it's not that easy. Each individual's situation is unique, therefore life insurance needs are unique as well. Adequate life insurance coverage will take into consideration a variety of factors, such as income, current savings and investments, accumulated debts and obligations, future education, retirement and financial needs, and much more.

The Benefits of Professional Guidance

The best way to determine how much life insurance you need is to consult with a professional. Your First Investors Registered Representative is trained to help you with your life insurance needs. He or she will be happy to meet with you, discuss your means, needs, and goals and complete a personalized Survivor Needs Worksheet. This helpful analytical tool will give you a realistic estimate of how much life insurance coverage is right for you. Your representative will then explain your life insurance options, describing the products that are best suited to your needs.

Your First Investors representative will be glad to help determine your insurance needs and discuss what type of life insurance is right for you. Using our Survivor Needs Worksheet, your representative can give you an estimate of how much coverage is necessary to protect you, your family and your business. Click here to request a free, no obligation consultation with a First Investors representative. Life insurance products are underwritten by First Investors Life Insurance Company, 110 Wall Street, New York, NY 10005, and distributed by First Investors Corporation.