If you’re not sure, you’re not alone. This question has puzzled families for years, but the only way to be 100% accurate is to know the exact date and time you are going to die, and no one knows that unless your psychic.

The purpose of life insurance is to "indemnify" (replace financial loss), and what most people should be looking for is income replacement for their beneficiaries. Independent financial planners recommend the following rule of thumb: purchase an amount of coverage equal to 6-10 times your annual gross income.

Learn how easy and convenient shopping for life insurance can be. Get your free rate today before you get another year older!