There are several methods for determining how much life insurance is needed. One method is to use the multiple of income method, using an income multiplier to determine the amount of the benefit. Between 25 and 35, we recommend 20-25 times your income; between 35 and 50, multiply your income by 15; above 50, use a factor of 10. These are only general guides, as each situation can vary. You can also use our calculator, which uses a different method. In the end, cost will also be a factor, as premium payments need to be maintained over time.