How Much Life Insurance Does Someone Need? 
There are several things to consider when purchasing life insurance . The first is insurable interest . Who stands to lose financially if you died today ? A spouse , children , loved one or even business partner ? Who would be left owing your debt or who depends upon your income ? Once you answer this question , next is how much is needed to satisfy this debt or income replacement ? Now how long would it take to cover this loss ? In other words , how long do you need to repay that debt or how long until your partner or loved one could earn their own income ? Once you have the answers to these questions it will become clear how much life insurance you need and how long do you need to carry it . I recommend using an experienced independent life insurance broker that can shop the market to find you the best coverage at the best price to cover your unique situation . 