How Much Should We Spend On Life Insurance? 
With life insurance , it is more helpful look at how much your beneficiaries need , then determine if you can fit that amount into your budget . Life insurance costs more at higher ages , for those with health conditions , and when the premium is locked in for a longer time . Prices also vary if the policy is just being used for death protection , or if it also being used to generate cash values to borrow from in the future . For all these and more reasons , it is impossible to dictate what amount should be spent on life insurance across the board . 