If so, you might want to try using a life insurance need calculator to help you quickly and easily figure out just how much life insurance is right for you.
A life insurance calculator will have you answer some basic questions about your financial situation and instantly give you an accurate estimate of how much life insurance can help you meet your goals.
When deciding on an amount of life insurance you want to condor your assets, liabilities, monthly bills, credit card debt, all outstanding loans, your monthly income and what your total current cost of living is for each month.
You also want to consider what you goal is for your life insurance - what do you want your life insurance to accomplish? Do you want your family to have money to remake your income, pay for living expenses, pay off the home mortgage loan, pay off credit card debt, and provide money for your child's college education?