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Reply to "How much life insurance do I really need as a single parent?"
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[quote=Anonymous]I don't know that 10x salary is ever really required, but a lot of times that depends on the salary. I am at 2x salary but have a high income, much of which is not required for day to day expenses. Life insurance is about income replacement and if your kids don't need that because someone else will provide that then your logic makes sense. But also think about alternative, if unlikely scenarios. What if something happens to both parents. Would they have enough? What if something happens to your ex? Will you be able to get favorable insurance rates at that point?[/quote]
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