Earning 6-Figures? Your Life Insurance Coverage Might Be a Joke

Congrats! You’re making good money, living comfortably, and enjoying the fruits of your hard work. But let’s be real—if something happened to you tomorrow, would your family actually be okay financially?

If you’re thinking, “Of course! I have life insurance through my job!” … Welp. We need to talk.

Most high earners assume that their employer-provided life insurance or a basic term policy is enough. But as your income goes up, so do your financial responsibilities—and that little policy from work? Yeah, it’s not gonna cut it.

The Coverage Gap That’ll Leave Your Family Stressed and Struggling

Let’s do some quick math (don’t worry, I’ll keep it simple).

Most employer-provided life insurance policies give you 1-2x your salary in coverage. Sounds decent, right?

So if you’re making $150K per year and your employer gives you 2x your salary, your family would get $300K if you passed away.

Now, let’s break down the real-world costs your family will still have to deal with:

✅ Mortgage or rent – That $500K home isn’t paying for itself.

✅ College tuition – Because let’s be honest, student loans are brutal.

✅ Business obligations – If you’re an entrepreneur, what happens to your business?

✅ Lifestyle maintenance – Can your family still afford to live the life they’re used to?

✅ Estate taxes & wealth transfer – The IRS doesn’t play nice when passing down assets.

Let’s be clear: $300K disappears fast. Your family could be left figuring out how to make ends meet—all because you thought your work policy was enough.

So, What’s the Smart Move?

If you’re making good money, you need a grown-up life insurance plan. Here’s what that looks like:

🔹 Layered Coverage – Mix term and permanent life insurance for real protection.

🔹 Key Person or Business Protection Insurance – If you run a business, don’t let it crumble without you.

🔹 Cash Value Life Insurance – Because building wealth while protecting your family is a win-win.

🔹 Estate Planning Strategies – So Uncle Sam doesn’t snatch what you worked hard for.

Final Thoughts: Don’t Play Yourself

If you’re making six figures or more, you need a life insurance plan that actually makes sense for your lifestyle. The bare minimum isn’t enough—especially when your family depends on you.

So, do you even know how much coverage you actually need? No worries, I got you. Check out my free Life Insurance Calculator—link in the comments. Let’s make sure your family is actually protected.