How To Determine Term Life Insurance Amount? 
Many life insurance experts recommend about 6 to 8 times your annual salary for the amount of term life insurance that you may need ; however , the figure will depend on your financial needs and goals . You have to factor in that mortgage , education expenses for children ... basically whatever your family will need to survive and thrive when you 're gone . Of course , since term life insurance is for a specific period of time , you will need to calculate how long you need this certain amount of money as well . 