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How much life insurance protection do you need?
Married couple with two children (Single-income family)
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Factors to consider
Amount
5
Annual income
S$48,000
Annual expenses
1
S$24,000
Number of years to provide financially for dependants
2
(Wife and children)
22 years
Total annual expenses over the next 22 years
3
S$544,000
Funds to set aside for Jenny and Ian's tertiary education
4
S$100,000
Estimated level of life insurance protection
S$644,000
Examples refer to estimates only and are purely for illustration purposes.
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