Who Much Life Insurance Should I Have? 
Many people choose to purchase life insurance in amount that is 10 times their annual salary . Some people add up the important things in their lives that would be threatened if they were to pass -LRB- e.g. possible loss of home , children being unable to attend the college of their choice -RRB- and purchase a policy that would replace the funds needed for those things . If you are purchasing your policy for a specific purpose , such as your funeral or to pay the inheritance taxes on your estate , you can purchase the policy for the anticipated amount . The amount of life insurance you should have varies for each person . Visiting with a good life insurance agent can help you make that determination . 