How Much Should We Spend On Life Insurance? 
Some agents may say that 5 % -LRB- or maybe 7 % and even up to 10 % -RRB- of your annual earnings should be allocated toward life insurance premiums . This is dependent on individual circumstances and one of the first things you need to identify when looking for individual life insurance . In figuring out your life insurance needs , you should determine how much life insurance death benefit your beneficiaries will require . Then shop and compare quotes to get an idea of how much that amount life insurance coverage will be . Budgeting and planning for how much you want to allocate toward life insurance is important . To manage your life insurance policies efficiently reassess your need for life insurance every two to three years . 