How Do I Determine How Much Life Insurance I Need? 
Life insurance creates cash at death . Is the insurance needed to create an estate or to preserve one ? . For example if you are trying to create wealth to replace family income you can use a capitalization method or an annuity method . Total your assets and liabilities at death . The liquid cash that remains is available to generate income . The life insurance needed is the amount to cover liabilities and generate an income . Online tools can give you an idea . Suggest contacting an insurance broker for further clarification . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 