The amount of cover you need varies based on what you would like it to cover. Things to consider are:
• How much income you earn/earning potential over your career
• How many years your family will need to replace that income
• What standard of living you would want your family to maintain
• How much money you have saved
• How much do you have left to repay on your mortgage
• Total of all of the debts that you have
• What you would like taken care of after your passing – such as university tuition for your children or a deposit on a house.