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Now, that’s an epic question because it's one of the most fundamental thing that should be taught even in school, but unfortunately they don’t.
So why don’t I tell you this?!
There’s a very simple rule of thumb that’s been used for a very very long time which is 10 TIMES off your ANNUAL INCOME. So, whatever is your annual income, multiply that by 10 and that’s the amount of life insurance that a person should have.
Now. Is that the correct answer? Watch till the end to find it out!
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Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.
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