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Insurance

How much life insurance do I really need?

Quick Answer

Most working parents need 10-12x their gross annual income, plus enough to retire the mortgage and fund any kids' college. A $100,000 earner with two kids and a $400K mortgage usually lands at $1.25M-$1.5M of 20- or 30-year term.

Stacked components of a life insurance need calculation.
Warren Team
Updated April 26, 2026
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Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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