A common rule of thumb is to multiply your annual income by 10 to 15 times .
For a more detailed estimate, add up D ebt (excluding mortgage), I ncome (years to be replaced), M ortgage (payoff amount), and E ducation (future college costs for children). how to buy term insurance
The first step is determining how much your family would need to maintain their standard of living if your income were lost. A common rule of thumb is to multiply