How much life insurance do you need? First, you want enough to cover all outstanding expenses and obligations for your loved ones when you die. Second, figure how much income replacement your family would need. One common rule of thumb says the amount of life insurance you need should equal seven to 10 times your annual salary, but every situation is different. Many online calculators can help you figure out how much you need.
PEHP also offers an Accidental Death and Dismemberment benefit. This is different from life insurance, but it works in a similar way.
Take the time to figure out what you need to adequately cover your loved ones and enroll or make changes at any time. You don’t have to wait until open enrollment.