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Learn how term life insurance works with estate planning. Discover coverage options, beneficiary designations, and how term policies fit into your family's f...
Most financial planners suggest coverage equal to 10-12 times your annual income, but your actual needs depend on your debts, dependents, and financial goals. Consider your mortgage balance, children's education costs, and how much income your family would need to maintain their lifestyle. Term life insurance can also help cover estate taxes if your assets exceed the federal exemption of $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Jan 2, 2026. Review your coverage every few years as your financial situation changes.
