How Much Life Insurance Do I Need?

Here are some questions to ask yourself:

» How much of the family income do I provide?
» If I were to die prematurely, how would my survivors get by?
» Does anyone else depend on me financially (parent, grandparent, brother or sister)?
» Do I have children for whom I'd like to set aside money to finish their education in the event of my death?
» How will my family pay final expenses and repay debts after my death?
» Do I have family members or organizations to which I would like to leave money?
» Will there be estate taxes to pay after my death?
» How will inflation affect future needs?