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How Much Life Insurance Do I Need?

To determine how much life insurance you need, focus on how much your family may need once you’re gone. You’ll want to make sure all of their current and future expenses are covered, so they can live comfortably.

A few things to consider are:

  • Funeral expenses
  • Debt
  • College expenses
  • Weddings
  • Retirement
  • Mortgage payments
  • Everyday living expenses

This may seem overwhelming, but a general rule is to have life insurance in an amount seven to 10 times your income.1

It helps to complete a needs analysis, which considers your family’s needs, what they’d need to meet any financial obligations and any resources they could use. For help, use our life insurance needs calculator​. It will provide you with an estimate of your insurance needs in a matter of minutes.

Every situation is different, so contact an Amica Life representative at 800-234-5433 for professional assistance. Our representatives will listen to your needs and recommend what’s best for you.

Get a Life Quote

Start Your Quote
or call 800-234-5433

Want to learn more about life insurance?


A.M. Best has awarded Amica Life its second highest rating, A+ (Superior).2

1 What You Should Know About Buying Life Insurance, The American Council of Life Insurers, 2018.
2 A+ (Superior) is the second highest of 13 company ratings. Ratings range from A++ (Superior) to D (Poor). AM Best's ratings measure an insurer’s financial strength.
ALIC87922 (exp: 1/27)