How Much Life Insurance Do I Need

Your life insurance needs will depend on a number of factors including:

  • Size of your family
  • Nature of your financial obligations
  • Career stage
  • Goals
  • Current age

Here are some questions that can help you start thinking about the amount of life insurance you need:

  • What immediate financial expenses (e.g. debt repayment, funeral expenses) would your family face upon your death?
  • How much of your salary is devoted to current expenses and future needs?
  • How long would your dependents need support if you were to die tomorrow?
  • How much money would you want to leave for special situations upon your death, such as funding for your children’s education, gifts to charities, or an inheritance for your children?
  • What other assets or insurance policies do you have?
  • If you were to remove a primary source of income, would you be able to continue paying large bills such as day care, mortgage or college tuition?
  • Do you own a small business?  


Contact one of our CFS* Wealth Management professionals today at 303.443.4672 ext. 2240

Additional Resources

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* Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarentees or obligations of the credit union, and may involve investment risk, including possible loss o principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.