A. There’s no single answer. In terms of replacing income, rules of thumb range anywhere from 2 to 10 times your annual gross salary, provided you are working and depending upon how many people you support.
The amount of coverage will depend on many variables, including your income, assets, financial commitments, familial obligations, and career path. You may want to use GEBA’s Calculator to help you estimate the amount of insurance you need. Our licensed Consultant’s are also available to help you with your insurance needs.