Life Insurance, How Much Is Enough?

Here are some guidelines to help you figure out the amount your family will need to be financially secure when you're gone

- Narayan Krishnamurthy

Your life is invaluable and, if not, difficult. It is nearly impossible to put a financial value on your life. The amount of life insurance you need depends on your unique situation: the number of financial dependants you have, your current net worth, the debt you service and many other factors. But there are some guidelines to help you figure out how much life insurance you need to ensure your family will be financially secure when you're gone.