Calculate all you want but when someone dies I have never had someone tell me they had too much Life Insurance. During his life he will have more than one life policy. Agents love to sell the perfect plan. Baloney.
Because the price is so ridiculously low at this age he needs $ 100,000 of 30 yr term as soon as possible.
Why? Because he has nothing and while 22 yr olds seldom get ill they have accidents, all the time. Once he secures his Life policy he needs to sit down with a knowledgeable person and discuss the future. He can do so with no rush because his daughter will have something if anything happens to Dad.
He should take his time, write out his goals and set aside what he needs to in order to reach them.
It depends on your son's income, debt, and goals for what he wants his life insurance policy to accomplish.
He could purchase a 20 year level term life insurance policy to provide financial security for his child's future in case he passes away before his child is grown up.
To determine the right amount of life insurance to buy I would suggest using a life insurance needs caculator which can help your son quickly and easily determine the appropriate amount of life insurance he needs.
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