Given the general unpredictability of life, there's no one universal answer for how much coverage you should buy. Experts will tell you to start with a multiple of your annual income — up to 10 times your salary. Generally, you want to determine an amount that will cover immediate and ongoing costs after you die, so that your family and other dependents can support their current way of life. [fin_tooltip text='Most policies will pay if you are diagnosed with a terminal illness with less than 12 months to live.'' colour='blue' position='top']
When determining how much coverage is enough to protect your family, consider your debts, living expenses and lifestyle. Also plan for how your loved ones will pay for your funeral, burial and related expenses.