How much life insurance cover do you actually need?
One of the most common questions — and one of the most important. Too little cover leaves your family exposed. Too much wastes money on premiums. Here's how to find the right number.
The simple answer — and why it's never quite enough
A common rule of thumb is 10x your annual income. But while that's a useful starting point, it doesn't account for your specific situation as an expat.
The better approach is to think about what your family would actually need — not just what sounds like a round number.
A practical framework: the LIFE method
Liabilities — what do you owe?
Add up all debts: mortgage, car loans, personal loans, business debts. Your policy should at minimum cover these so your family doesn't inherit debt.
Income — how much does your family depend on you?
Multiply your monthly income by the number of years your family would need to replace it. If your children are young, that could be 15–20 years.
Final expenses — what does dying actually cost?
Funeral costs, repatriation, legal fees, and estate administration. Budget a substantial amount for end-of-life costs abroad.
Education — will your children's schooling continue?
International school fees in Bangkok can be substantial. If you have two children and want to fund 10 years of schooling, that alone could be a significant sum.
Quick Coverage Estimator
Common scenarios for expats in Thailand
* These are general guidelines only. Your specific needs may differ significantly. A personalised quote will give you tailored recommendations.
Related topics
Life Insurance for Families Abroad
How your family situation shapes your coverage needs.
Protecting Children and Dependents
Detailed cost breakdown for children at international schools in Bangkok.
Understanding Term Life Insurance
Once you know your number — term life is the most affordable way to hit it.
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