Percentage of Current Income Desired for Survivors

Financial professionals generally recommend replacing about 70 percent of your pre-tax income in order for your survivors to maintain the same standard of living. This amount my be reduced if you elect to have the insurance proceeds pay off any debts such as a mortgage. For example, if 20 percent of your gross income currently goes to debts service and you elect to pay off the balances you would enter 50% here (70% minus 20%).

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