How Much Life Insurance Does A Person Need? 
This question has as many answers as it has interested individuals . The payer normally wants to spend as little as possible so determines to have the lowest possible amount , the beneficiary will never turn away money , so wants as much as possible . Other players have their opinion as well . The barometer seems to be `` love . '' Who do you love and want to see continue life without discomfort ? Once that is settled , eliminate debt , provide for adequate income and then consider your hopes and dreams . If you want your children to be college educated , you would provide funds for that . If you have charitable interests you might want to provide funds for those interests . If you have a large net worth and it is largely in land , for example , you might want funds available so that the land would not have to b sold to pay death taxes . As I said this is as complicated as the number in interests of the parties involved . 