How Much Term Life Insurance Is Enough? 
There is no magic way to determining how much insurance you need . A method you can use for determining how much life insurance coverage you need is to do a simple needs analysis : 1 . Income - How much income do you want to give your family and for how long if you died ? 2 . Education - Do you want to fund your children 's education ? 3 . Debt - Do you want to pay of any debt -LRB- car loan , mortgage , credit cards -RRB- if you died ? Add those three things together and you will have a good idea of how much you would need . 