How Much Term Life Insurance Can I Buy? 
The total face amount of term life insurance is limited by two things , your net worth and annual income . Typically you will be able to purchase enough life insurance to cover your debts and at least 10 times your income . There is a formula based on age that dictates the maximum amount of term life insurance allowed . Its starts in your twenties as 25 times income and decreases depending on each carriers formula , every new decade of life . For example , in your 30s it is 20 times , your 40s 15 times , etc. . This does vary by company . 