One fundamental general rule is https://pbase.com/topics/gordanbbp1/abiasedv459 that the death advantage on your policy should equal 7 to 10 times the amount of your annual wage. However, like any general rule, that isn't constantly especially accurate. Another method of looking at it: You need to determine what earnings you wish to smugglers notch timeshare for sale provide for your partner or other recipients when you pass away (how do life insurance companies make money).
The resulting number is the shortage you'll want to fill with life insurance coverage. This interactive calculator can help you get here at a number. Let's say the deficiency is $25,000 a year. A basic insurance coverage principle says to buy a life insurance coverage policy that is about 10 times that amount, or $250,000 in this example.
