How much life insurance do I need?

The amount varies by personal preference, but affordability is key. Your premium must be sustainable on an ongoing basis while providing sufficient cover for your loved ones.

Your personal circumstances dictate the cover amount and term. For young families, a good rule of thumb is triple your income to see your youngest child to age 25.

Additionally, consider covering personal debts, car loans, and other obligations separate from your mortgage to ensure your loved ones aren’t burdened with debt after you’re gone.