How Much Of Life Insurance Do I Need? 
There are three components to determine life insurance coverage : total financial debt , future obligations and charitable intent . Total debt includes things like mortgage , second mortgage , auto loans , student loans and credit cards . Future obligations include things like childrens education , weddings and retirement . Charitable intent includes nonprofit organizations and making a difference for your children . But the most important factor is your human value measured in your lifes earnings until retirement . These items would indemnify your beneficiaries in the event of your demise . 