How much life insurance do I need?

It all depends on your personal circumstances as the amount of cover, also known as the ‘sum insured’, can be different for each family.

Let’s say you are married, have a large mortgage and four children. In this case you are going to need more cover than a single parent living in a two-bedroom flat with one child.

Most of the time, the recommended level of life insurance is 10 times your annual salary or income. Obviously however you should make more detailed calculations to make sure you are fully covered.