How much life insurance is enough

When determining how much life insurance is enough, many things come into play. No two people will come up with the same answer. It is a personal figure that will suit your individual needs. At Manzanita Insurance in Prescott, AZ, we are independent insurance agents who provide our customers with better selections and more choices. We are locally owned and understand the local market. We work with multiple carriers, which helps us to customize your policy to your needs.

Determining factors:


Your age is an important factor in determining how much life insurance you need. If you are young or old, you will likely need less life insurance than someone who is in the prime years of their life. 


The person or persons who depend on your income is an important factor in determining how much life insurance is enough. When you are young you probably won’t have anyone who counts on you other than yourself. When you are elderly, you most likely won’t have a lot of dependents. It is in your prime parenting years that you have the most pressure to provide for children and maybe even your spouse or significant other.  

How long dependents need support

Another very significant factor is the age of your children. Once they are grown, you will not need to supply as much support. If they are young, they need total support. When your children are very young, the length of time could be as much as 20 years. 


Those in the know suggest that you provide between seven and ten years’ worth of your salary in life insurance. Depending on what your salary is, that can be a significant amount of life insurance. Being able to afford to keep that much life insurance requires working with a knowledgeable independent life insurance agent. In Prescott, AZ, there is Manzanita Insurance.