How much life insurance cover should I get?
This depends entirely on your own personal circumstances. If you have financial commitments that you want to cover, you can do some simple calculations to work out how much you need. For example, if you want to cover your mortgage look at how much you have left to pay, you’ll want enough to cover your remaining repayments.
If you would like to leave an amount to cover child costs you could look at how many years you need to support your children multiplied by how much each year you think they may need.
Of course, you may also want to look beyond this to make sure your spouse/partner would still be supported financially in the future, so consider how much you would want to set aside for that as well.