Once you have decided to purchase life insurance, the next question to answer is how much to purchase.
Some people select coverage based on an arbitrary amount: $100,000 or $200,000. Others purchase enough to pay off a home mortgage or other major bill. And some stick to the tried-and-true measure of 10 times salary.
But there are other methods to consider. You can complete a fact finder/needs list or use a life insurance calculator.