How Much Should I Spend On Life Insurance? 
This will depend on the type of policy you want / need is and what is the purpose of the life insurance . Getting the right type of policy and face amount is much more important than just a dollar amount . From just a money type of view and taking out the importance of what life insurance covers , it 's a good idea that for every $ 1 you put away in savings / IRAs etc , you should put about $ 0.20 to $ 0.30 of that away in some form of permanent life policy . 