How much life insurance do you need?

The D is for death. In other words, the final buriel expenses you expect the family might need.

The I is for replacing your income for a certain amount of years. Consider at least 5 years of income replacement.

The M is for the amount of money needed to payoff a mortgage.

The E is the educational expenses your children may incur.

Once you add all of them up, you will have a good idea of how much of a financial impact your passing away will effect your loved one's.