How much does life insurance cost per month? 
The cost of life insurance can range from a few dollars per month to many thousands per month . The real question is how much would it cost you to get the proper policy for your situation . In order to find that out you need to first determine how much death benefit you need . The best way to calculate how much life insurance you need is by doing a comprehensive needs analysis . If you are looking for a quick rule-of-thumb , we recommend you carry at least ten times your annual income in life insurance . The second factor is how long do you think you will need the coverage . You might want life insurance to cover your mortgage which will be paid off in a certain period of time , or you might want life insurance just until your children are grown and self supporting . Maybe you want to have life insurance for whenever you die , be it next year or when you 're 90 . The third key factor is your budget . You might like the idea of a large permanent life insurance policy , but the premium may simply be more than you can reasonably afford . So in order to determine how much life insurance costs per month , you need to figure out how much life insurance you need , how long you need it and what your budget allows . By going through this process you can determine how much the proper life insurance policy for you will cost . 