How Much Life Insurance Should I Purchase? 
How much life insurance you should buy depends on what you want the life insurance to do . If your need is to cover a specific purpose , for example to leave your family well positioned in the event of your death , then the amount of insurance should include enough funds to replace your income -LRB- human life value -RRB- , cover your debts , estate costs , establish an emergency fund and more . If family protection is your objective , your insurance agent can help you with the calculations . Many insurance companies offer online calculators to give you a point of reference . Life insurance can play an important role in your financial and retirement planning . An independent life insurance broker can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 