Which of these is NOT relevant when determining the amount of personal life insurance needed?

Determining the amount of personal life insurance needed typically relies on factors that directly influence the financial well-being of a person's dependents after their passing. Family income requirements are essential as they help assess the level of support needed to maintain the family's lifestyle. Debts and liabilities must be considered to ensure any outstanding obligations are covered, relieving beneficiaries from financial burdens. Future child education expenses also play a crucial role, as they help identify how much additional support may be needed to secure a child's educational future.

In contrast, the local unemployment rate does not directly impact an individual's life insurance needs. Although it may influence overall economic conditions and job security, it does not provide pertinent information about personal financial obligations or the specific needs of the insured's dependents. Hence, it is not relevant when calculating the appropriate amount of personal life insurance.