How Much Life Insurance Is Considered Enough? 
Video Transcript : Today 's question is , `` How much life insurance is considered enough ? '' Well , I definitely want to cover all my indebtedness : mortgages , credit card , auto , home , all my debts that I may incur . I also want to look at future obligations ; maybe my children 's college education , my retirement or replacing my income if I 'm not there so that my spouse or business partners or beneficiaries are not saddled without any income coming in that I used to generate . So it 's really important . How much do I need ? I want to try to buy what I need to cover all those areas and then maybe a little bit more in case I have charitable intent . A lot of people have big hearts but small wallets and sometimes I add that on because people want to be able to give something in case something happens to them . Well , that 's our consumer question for today . If you have any questions , just send them to www.insurancelibrary.com 