There are several different tips of life insurance, but term life insurance offers the most life insurance protection for your money.
You may want to consider a 30 year level term life insurance policy. To determine the amount of coverage, think of the following things:
Pay off the house
Household expenses for the rest of your spouses life
College for your child (at that point, who knows how expensive a year of college will be)
Pay off credit card debt
Provide for your spouse's retirement
Living expenses for your family.
Make sure to factor in how much you have saved, how much money you make, and how much life insurance it would take to recluse your income for your family if they invested the money from the life insurance in a safe investment.
Here's how you can request free, instant term life insurance rate quotes online and compare some of the lowest prices from over 70 highly-rated life insurance carriers.