Some financial planners suggest that you cover your gross annual income by a multiple of

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Financial planners recommend covering your income with life insurance by a multiple of 5-15 times. This ensures that your loved ones are adequately protected in case of your untimely demise. The exact multiple will depend on factors such as your age, income level, debt, and family situation. However, a multiple of less than 5 may not provide enough coverage, while a multiple greater than 15 may be too expensive and unnecessary.

Some Financial Planners Suggest That You Cover Your Gross Annual