Is there a rule of thumb for how much coverage I should get?

Name: Buy-Sell Agreement in Canada
Uploaded: 2023-09-10T15:13:40.000Z
Duration: 3 min 59 s
Description: Buy-Sell Agreement in Canada: Is Your Business Prepared?TEst Result

Life insurance: 10x current income

Critical illness: 1x your current income

Disability insurance: 0.6x your current income

These are some quick heuristics to contextualize how much coverage you may need. However, most situations require a deeper dive to ensure they’re receiving the right coverage given their situation.