The answer to this question will be different for everyone. The amount of life insurance coverage you will need will depend on many factors such as the number of dependants you have. The age of your dependants, if you have small children you will need to be covered for a longer period of time than if your children are in college and about to go into the world and fend for themselves.

You also need to take into account the amount of income that you'll need to replace if you were to pass away. How much income does your spouse make and what are his / her monthly expenses? There is a lot to consider when trying to determine how much life insurance you require. The video below will give you some more tips to help you answer that question.

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