Life insurance is one of the most important financial decisions you can make—but how much coverage do you really need? Too little, and your loved ones may struggle financially. Too much, and you may be paying for coverage you don’t actually need. Let’s break it down so you can feel confident in your decision. The Simple Formula A common rule of thumb is to aim for 10-15 times your annual income in life insurance coverage. But let’s get a little more specific with this straigh