When buying life insurance its important to think more about how much capital your defendants will need without your income. This is broken down in two categories:
1) How much money they will need to satisfy immediate debt or obligations. Examples of these are mortgages, consumer debt, college funding and funeral expenses.
2) How much future income you defendants will need to sustain living and household expenses.
The calculator below can help you determine these two numbers..
Now that you know how much you need, see what options will fit your needs.