How Much Should I Pay For Term Life Insurance? 
I like to keep my answers very short and to the point . This way there is no room for misinterpretations . Always keep in mind that Term Insurance is for temporary purposes only : such as many will call it mortgage insurance to cover balance on your home for the remaining term of loan . While you are accumulating wealth during your working years whether it will be for 15 , 20 , 25 , or 30 years . So how much should you get ? Answer is , as much as you can afford in premium with a company that can offer a transfer to permanent insurance at a later day . -LRB- Keep also in mind that you also risk in obtaining an un-insurable sickness during these years , this is why as much and as long you can afford at the time -RRB- . Solutions to offer you : Talk to an agent of experience from a consultative perspective . And second , treat life insurance as planning tool as well as a form of protecting your investments , life , family and possessions while in debt with a goal of self insurability . 