Determining how much life insurance to buy is an important question, with no right/wrong answer.
One of the main factors to consider is your salary and income replacement. This is the main driver of how much life insurance to buy.
But there are other factors to consider, including costs to cover final expenses, healthcare, childcare, and any financial obligations such as student loans, children's college tuition, mortgage etc.
We have developed a fantastic calculator to help you through this important step that accounts for the main factors impacting your family's needs.