Strengthen your safety net
Death benefit that $10,000 buys
10-year term 20-year term
Age Male Female Male Female
30 $3 million $3.5 million $1.5 million $2 million
40 $2 million $2.5 million $1 million $1.5 million
50 $750,000 $1 million $500,000 $750,000
Note: Guaranteed term policies for nonsmokers who qualify for preferred tier pricing. Source:

One way Americans tightened their belts in the aftermath of the global financial crisis was by cutting back on life insurance. So much so that the number of families with any coverage fell to a 50-year low in 2010.

You can supplement existing coverage affordably through a basic term-life policy -- your most cost-effective option. (In general, shoot for total coverage of five to 10 times your annual salary.)

  @Money - Last updated October 05 2012 02:17 PM ET
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