Increase Life Insurance When You Have Dependents

The Problem

You have a spouse, kids, or aging parents who depend on your income. No life insurance.

The Hack

Get term life insurance (not whole life — it's cheaper and simpler). Coverage should be 10-12x your annual income. A healthy 30-year-old gets $500K coverage for ~$25/month.

Why It Works

Term life insurance is a pure financial safety net — if you die during the term, your family receives the death benefit tax-free. At $25/month, it's the most cost-effective protection you can buy.

Pro Tips

• Term life is 5-10x cheaper than whole life for the same coverage
• Rule of thumb: 10-12x your annual income
• Get it while young and healthy — rates are locked in
• Online quotes from Policygenius take 5 minutes