You're concerned about the welfare of your spouse and kids when you die. The question is often difficult to answer.
Every family has a unique set of circumstances and expectations.
Thankfully, insurers and financial planners have created a number of general guidelines to help. The guidelines do not allow you to foresee the future, nor do they guarantee that your family will be free of financial difficulties when you die. They do, however, help you analyze your current situation and determine whether you need to make additional financial plans. There are several popular methods used to determine whether your family will have enough money when you die. The approach you should choose depends in large part on the goals you are trying to accomplish.