How Do You Determine How Much Term Life Insurance You Need? 
The simple formula is take add up all of your debt . Your mortgage , auto loans , student loans , credit cards , etc. whatever would have to be paid . If you have children , the cost of their education . Then take ten times your income for your loved one to invest and replace your income with the interest off of the lump sum invested . For a `` stay at home '' parent you need to calculate the cost of replacing them , meaning child care , housekeeper , cook , someone to run errands . You know the things we take for granite . Add the totals along with the time period and you should be very close to having the face amount and term needed on your term life insurance . If you need more help contact a trusted life insurance broker to walk you through it . Almost all of us are free for our advice . 