Term life insurance is temporary coverage with a clear job: replace income and cover obligations if you die during the years people depend on you.
Who needs it most#
Parents with dependents, homeowners with a mortgage, and anyone whose absence would create a financial cliff for a partner or family. If nobody relies on your income, you may need little or none.
A sane coverage sketch#
A common starting point is 10–15× annual income, adjusted for debts, existing savings, Social Security survivor benefits, and the years until kids are independent.
| Need | Question to ask |
|---|---|
| Income replacement | How many years of expenses matter? |
| Debts | Mortgage and loans to clear? |
| Education | College funding goals? |
| Final expenses | Keep a modest dedicated amount |
Skip the fog#
Be cautious with expensive riders you do not understand, and never buy coverage from pressure. Compare quotes from reputable carriers, answer health questions accurately, and revisit coverage after major life events.
Insurance is not an investment thesis. It is a promise that your family’s plan survives the worst day.
