how much term insurance is enough?

For a single mom with a 2-year-old, how much term insurance is enough? The dad is not helping anything. My mom is living with me and I would like to cover her as well. We are in the US.

I have about 400,000 coverage from work and some savings. The insurance agent told me I still need an additional 1M. Is that too much? I though we should deduct our savings from the recommended total amount.

Any suggestion? Thank you.

所有跟帖： 

• Depend on your salary -chappaqua- ♀ (357 bytes) () 06/13/2008 postreply 13:02:18

• 是不是大致应该这样算 -snwflk- ♀ (240 bytes) () 06/13/2008 postreply 13:10:22

• Generally speaking, people need 6-10 times of their -偶行偶素- ♀ (1088 bytes) () 06/13/2008 postreply 13:17:25

• 回复：Generally speaking, people need 6-10 times of their -Applegate- ♂ (41 bytes) () 06/13/2008 postreply 13:35:40

• AD&D does not cover that. But it is a good way to get -偶行偶素- ♀ (29 bytes) () 06/13/2008 postreply 13:50:33

• 回复：how much term insurance is enough? -Applegate- ♂ (732 bytes) () 06/13/2008 postreply 13:58:27

• Question -snwflk- ♀ (384 bytes) () 06/13/2008 postreply 14:11:06