Life Insurance - Should I Buy Life Insurance?

When you buy life insurance, what you want to protect against is what happens if I get hit by the bus tomorrow. So how much do I need if I were not here tomorrow to be able to protect the people that are counting on me and depending on me? Well, a really easy rule of thumb is 10 times your annual income plus future obligations like college, retirement, debt payoff,. There's a present value calculation you could do there to determine and sureable need. And just I would not stop before 1K if you can.