By: Adrian Khiat I asked this question to many financial practitioners since I joined the industry 5 years ago. Most of them gave me different figures, like 10 times your annual income, as much as you can afford, or even a fixed amount like $200k, $300k seemingly plucked from the sky. I also couldn't find the answer in any Financial textbooks. I'm not surprised that most people out there do not know their Insurance numbers because the practitioners themselves seems confused and passed down all sort of numbers to their clients. I have my way to calculation, not adopted by any financial books but generally very well accepted by my clients. They felt that the approach is simple and make a lot of sense. Let me show you below: Read more....