How Much Life Insurance Should We Buy? 
That is a great question ! But to answer it best for you , I 'd really need to know more about you , and what you want the policy to do for you . As a general rule of thumb , if it is to cover a certain debt , like a mortgage or college loan debt , then that is your amount ; if it is to replace your income , then the current wisdom suggests a minimum of 5 times your current salary ; if it is to cover your final expenses , -LRB- funeral costs -RRB- then you will need between $ 10-15 ,000 , depending upon whether you are looking at cremation or a modest funeral . I 'd be happy to help you with your specifics , if you 'd like to inbox me . Please hit the `` contact me '' link , and drop me a line . Thanks for asking ! 