Since life insurance is essentially a risk management tool, the amount of life insurance coverage you require is generally determined by the amount of risk you have. Essentially, the financial loss that your family will have to suffer after you pass away is the risk that you are looking to insure using life insurance coverage. A few factors that would help you determine the amount of coverage required are: Mortgage & debts; Your annual salary if you are still working and incurring household expenses; Credit card debts & other outstanding payments; Number of financial dependents you have ; The amount you would like to leave behind for your loved ones. The easiest way to find out the coverage you would require is to use our simple life insurance calculator that uses intuitive technology and data science systems to find the perfect coverage and policy for you within minutes.