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How much life insurance are you allowed to buy?

Updated: 8/19/2019
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12y ago

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You may purchase life insurance based on your individual need. Normally a good life insurance agent will help guide you through this process. The amount of life insurance you need will include replacement of your income for your family, future education costs of your children, repayment of debts, etc. The less responsibilities you have the less the amount of insurance you need. As a matter of full disclosure, I own and operate a smalltown Independent Insurance Agency in Central Georgia and have for 23 years. I also worked as an agent for a direct writer for 3 years prior to that.

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Life Insurance Policy?

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Yes You may buy term life insurance. You can compare rates and plans online from a life insurance quote service. Or, you may want to contact a life insurance agent in your area to request free quotes for term life insurance and learn more. Term life insurance provides temporary life insurance protection for 1-30 years, usually.