The easy method of determining life insurance needs is based on the rule of thumb that a "typical family" will need about 70 percent of your salary for seven years.

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This rule of thumb for determining life insurance needs suggests that a "typical family" will require approximately 70% of the breadwinner's salary for seven years to maintain their standard of living in the event of the breadwinner's death. This method simplifies the calculation for a basic level of coverage.

The Easy Method of Determining Life Insurance Needs Is Based