How Much Life Insurance Do I Need?
Why Life Insurance Matters
Life insurance is more than just a policy, it’s a financial safety net that ensures your family’s lifestyle, security, and legacy are protected if something were to happen to you. At McFee Financial Group, we approach life insurance as part of a comprehensive family wealth plan, coordinated with your investments, estate planning, and tax strategy.
This worksheet can help you estimate your needs. It is not a substitute for a complete financial plan, but it gives a strong starting point for discussion.
Additional Factors to Consider
- Education funding for children or grandchildren
- Family gifts and charitable giving goals
- Estate tax exposure or generational wealth transfer plans
- Flexibility for a surviving spouse to change careers, relocate, or adjust lifestyle
- Protecting a family business or professional practice
Next Steps
At McFee Financial Group, we don’t just calculate a number. We guide you through:
- Coordinating with your tax and estate professionals
- Reviewing employer-provided benefits vs. private coverage
- Designing a strategy that balances cost, flexibility, and protection
- Integrating life insurance into your Family Wealth Plan for long-term confidence