The income method,used to calculate your life insurance coverage,multiplies your current annual income by

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The income method typically multiplies your current annual income by a factor ranging from 5 to 15, depending on various factors such as age, health, and lifestyle. The resulting number represents the amount of life insurance coverage you should aim to have. There is no fixed number or formula for this calculation, but a common approach is to use a multiple of your income.

The Income Method,used to Calculate Your Life Insurance Coverage,multiplies Your