Life Protection Formula

The Life Protection Formula is a way to estimate how much life insurance you need. It considers your financial responsibilities, like debts, ongoing expenses, and future goals, minus any savings or income you already have. The goal is to ensure your loved ones are financially secure if you’re no longer there to support them. Essentially, it helps you determine a coverage amount that replaces your income and covers necessary expenses, providing peace of mind knowing your family’s financial needs are protected.