How Much Term Life Insurance Is Enough? 
Determining how much term life insurance is enough can be accomplished with a life insurance calculator , or -LRB- easier yet -RRB- visiting with a life insurance agent who can guide you . These methods will help you look at the purposes for your coverage : e.g. to pay off your mortgage , put your children through college , etc. . Then they show you the amount of life insurance needed to cover those . Some people use a very simple guideline of getting a face amount equal to 10 times their annual income , and that is fine . But you may have a disabled child who will need care for his/her lifetime . Or maybe you are an investor in housing and need to protect multiple mortgages . So your need would be beyond what the average person needs . Again , having an agent to help can save you lots of headaches . You may need to make some compromises , and a qualified agent can show where you can give and take . How much life insurance you can get is also partly based on your income , so an ethical agent can get you to your goal quickly and within your budget . Please feel free to contact me or others on this website for advice at any time . 