Your Life Insurance Policy should greatly depend on how much money your family will need to maintain the same standard of living. This means that there is a certain monthly or yearly income needed to pay for minor and major expenses such a mortgage, cars and Education. Depending on your situation your life insurance needs will differ. If you have children that are young and have not attended College assume they will need funding. Calculate the approximate costs of College and add this into your overall expenses. In addition to College or Education costs calculate your mortgage and car payments into your expense report. Finally, calculate any additional expenses needed to maintain the same standard of life. Depending on your investment knowledge and death benefit received one can usually shop around and find a financial advisor they are comfortable with. A financial advisor should be able to place your money in the market and receive at least 5% returns per year. More often, returns can total 8%+ depending on
investment amount. Approximate your taxes on the returns at 35% and you will have your yearly income. Divide the yearly income by 12 and this is your montly income to pay expenses. More info Insurance company BLOG and Online insurance company BLOG