A quick and simple way to calculate what can possibly be the minimum amount of life insurance you may need today. Your needs will more than likely change over time but the amount you calculate below can be a good foundation for your financial future.
Note: While this estimate may exceed the coverage amounts offered on UnionCare or some individuals' budgets, it is provided to you as an estimate of the ideal amount of life insurance coverage you may need based on your current financial situation. The key for today is to get the amount of coverage in place that you are comfortable with for your situation.