Originally Posted by shady
So... I have a little one on the way! I have good health ins through the wifes work and some life ins. Thank god for the health ins this summer, I broke my shoulder and had to see the good Dr. What is the "standard" that I should carry now that I have a new boater comming? Any advice would be very helpful. Thanks Happy boating
If you were to talk to a life insurance sales person, they say the standard in the US is $100,000. When I was studying insurance (a bad idea on my behalf) it was figured that after all final costs, and mortgages, and college - that amount is what it takes to actually make an impact. Remember too with life insurance, if you purchase it when you are young and healthy, it is cheaper - however, just because inflation exists - your policy doesn't adjust.