How Much Life Insurance Does A 30 Year Old Need? 
The most typicallife insurance is term , which is used for covering specific needs that will disappear with time , such as : - Income replacement - Financial security for dependents - Mortgage protection - College funding for children - Final/burial expenses If none of these apply to you or you have money set aside to `` self-insure '' , thenyou may not need life insurance at all . But if you do , just follow three simple steps . 1 -RRB- Decide on the `` term '' -LRB- length of coverage -RRB- . It should be long enough to see your kids grown and through college . 20 -25 years , is typical . 2 -RRB- Determine the amount of coverage . Use an online insurance needs calculator . There is one that is thorough and easy to use at WEBSITELINK Once you 've decided on term and coverage ... 3 -RRB- Comparison shop . There is a big difference between costs from insurer to insurer . Again , visit a a website to arm yourself with life insurance quotes from A-rated insurance companies . 4 -RRB- Then talk to an agent . They can often get you an even lower price . Or if you have complicating factors -LRB- health , age , other needs -RRB- , they can find you the best deal . 