life insurance income multiple

Most UK adults with a mortgage, partner, or dependants need life insurance of £200,000–£600,000+. The quickest estimate: add your outstanding mortgage balance to 5–10 years of your annual income. For a more accurate figure, use the DIME method: Debt + Income (multiplied by years until independence) + Mortgage + Education/dependant costs. Subtract any existing death-in-service…