One basic guideline is that http://garrettyqsr134.bravesites.com/entries/general/unknown-facts-about-how-much-does-term-life-insurance-cost the survivor benefit on your policy should equate to seven to 10 times the amount of your yearly income. However, like any rule of thumb, that isn't constantly especially accurate. Another way of looking at it: You need to find out timeshare buyout what income you wish to offer your spouse or other recipients when you die (what is the difference between term and whole life insurance).
The resulting number is the deficiency you'll desire to fill with life insurance. This interactive calculator can assist you come to a number. Let's state the deficiency is $25,000 a year. A basic insurance coverage principle says to purchase a life insurance policy that has to do with 10 times that quantity, or $250,000 in this example.