How much life insurance do I need?

Life insurance isn’t for you, it’s for those you care about. So the real question is “how much money will the people I care about need when I’m gone?”

This changes significantly over time, things like buying houses, having kids, starting businesses all impact on the level of cover you need. A good starting point is to think how much ‘capital’ is needed for things like repaying debt, and how much ‘income’ is needed, to continue to fund your families lifestyle.