There are no guarantees in life, but having the right plan in place will ensure that family and loved ones will not be left with financial burdens after our death. But how do you know how much your family will need?

Some key things to consider when determining how much life insurance coverage you need are:

• Your final expenses, which may include medical and funeral expenses, estate settlement costs, and taxes.
• Your family’s income needs and sources after your death.
• The amount of additional funds required to provide other survivor benefits, such as education, and to offset other expenses that your family may incur, such as childcare.

There are other factors to consider, such as social security benefits and investment income. Your Allen & Company Financial Advisor can help you determine how much coverage you need to make sure that your family and loved ones are taken care of.