Max Coverage

[Justin Bilyj]

What are the max coverages for individuals based on their age and income?

I thought I saw a chart or something that showed young people qualify for 40x their income and it goes down from there.
Anyone?

Thank you!

 

[InsuranceMonkey]

My current guideline is:
18-30 30x
31-35 25x
36-40 20x
41-45 18x
46-50 15x
51-55 12x
56-60 10x
61-65 8x
66+ 6x (but usually it becomes more net worth oriented and wealth protection)

This will vary a little company to company, but it's a fair representation.