How much life insurance is actually enough to protect your family, your business, and your legacy? It's one of the most common questions Canadians ask, and getting the number wrong in either direction can be costly.

In this video, Laurent Munier from Safe Pacific Financial walks through a practical framework that Canadian families and business owners can use to calculate their ideal coverage — factoring in debts, future income needs, education expenses, business obligations, and legacy goals.

Whether you're a new parent, growing a business, or planning your estate, this guide will help you feel more confident in your life insurance strategy.

Book a no-pressure discovery meeting with our team:

www.safepacific.com/discovery-schedule

IN THIS VIDEO, YOU WILL LEARN:

- Why getting the right amount of coverage matters more than you think

- How to add up your debts and financial obligations as a starting point

- How to estimate your family's future income needs

- The 10x vs. 20x income rule and how to apply it with a real example

- Whether that much coverage is actually affordable

- The differences between term and whole life insurance

- How to combine term and whole life for the best of both

- The factors that change your coverage needs: family, business, and legacy

TIMESTAMPS

0:00 - How much life insurance do I really need?

0:42 - Why it's important to get the right amount

1:25 - Step 1: add up debts and financial obligations

2:33 - Step 2: estimate future income needs

4:02 - The 10x vs. 20x income rule with an example

5:30 - A real-life coverage example for a Canadian family

7:00 - Is that much life insurance affordable?

8:15 - Term vs. whole life insurance explained

10:00 - Using both term and whole life together

11:00 - Factors that affect your needs: family, business, legacy

12:15 - Building your custom strategy

When you calculate your coverage properly, a well-structured life insurance plan can:

- Cover your debts so they don't pass to your family

- Replace your income for the years your family would need it

- Fund future expenses like education without disrupting their lifestyle

- Cover business obligations and protect your partners

- Leave the legacy you intend, structured tax-efficiently

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