Buying life insurance can feel overwhelming, especially when trying to decide how much coverage is enough . Too little coverage can leave your family struggling, while too much may stretch your budget unnecessarily. The key is to find the right balance for your personal situation. The DIME Method: A Simple Way to Calculate Coverage One popular formula is the DIME method , which considers four major financial needs: Debt: Credit cards, car loans, and personal loans. Income Re
Life insurance isn’t just for the young—it’s a valuable tool for seniors too. Whether you’re 60, 70, or older, life insurance can provide peace of mind by covering final expenses, protecting your spouse, or leaving a legacy for your family. While premiums are higher with age, seniors still have strong coverage options. Why Seniors Need Life Insurance Cover final expenses such as funeral costs (avg. $8,000–$12,000). Protect a spouse’s lifestyle after your passing. Pay off de
