How Much Term Life Insurance Do I Need? 
The place to start is to determine the actual need amount first . The type - term or permanent - is largely a secondary determination based on budget and if the need is likely to be temporary -LRB- term -RRB- or for a lifetime -LRB- permanent -RRB- . Conventional methods center on a capital needs analysis -LRB- how much do I need as a lump sum at my death to create an income for my family -RRB- . Other methods look at Human Life Value and variations on these . The analysis may also address whether the need is indeed a good fit for a temporary or permanent life insurance solution . Ask a life insurance professional to provide a customized analysis for you and your family . There are a wide variety of online calculators such as this one : WEBSITELINK These calculators can help you visualize the problem and better prepare you for a planning discussion with your agent . 